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Daniel Deshe Acquires SFR On Prairie Avenue, Miami Beach For $6M

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SOLD
$6,000,000

Florida

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Single Family Residence68,500 SF
Sold 08/18/2020
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Property Image
SOLD

Daniel Deshe Acquires SFR On Prairie Avenue, Miami Beach For $6M

4528 Prairie Ave, Miami Beach, FL 33140, USA

See Similar Deals
Single Family Residence68,500 SF
Sold 08/18/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$87
Total Square Footage:68,500 SF
Transaction Type:Sale

The property asset involved in this transaction is a Single Family Residence (SFR) located at 4528 Prairie Avenue in Miami Beach. The property spans 6,850 square feet and was sold for a price of $6,000,000, resulting in a price per square foot of $876.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $6,000,000
  • Square Footage: 6,850
  • Price per Square Foot: $876
  • Address: 4528 Prairie Avenue, Miami Beach
  • Market: Miami Beach

The seller of the property is Mathieu Massa, while the buyer is Daniel Deshe. Representing the seller in this transaction is Julian Johnston from The Corcoran Group. On the buyer's side, Reid Heidenry from One Sotheby's International Realty acted as the buyer's representative.

Players

3 deals$51.5M volume
SELLER

Details

SOLD
IMAGE: Mathieu Massa, Julian Johnston, & Reid Heidenry⁠ DATE: 08/19/2020⁠ ADDRESS: 4528 Prairie Avenue⁠ MARKET: Miami Beach⁠ ASSET TYPE: SFR⁠ PRICE: $6,000,000⁠ SF: 6,850⁠ PPSF: $876⁠ SELLER: Mathieu Massa⁠ BUYER: Daniel Deshe⁠ SELLER’S REP: Julian Johnston – The Corcoran Group⁠ BUYER’S REP: Reid Heidenry – One Sotheby’s International Realty⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73