Myles Shear Acquires Single Family Property On Prairie Avenue In Miami Beach For $8.6M
4442 Prairie Avenue
$8,600,000
$1,460/SF
Building Size
5,889 SF
Asset Type
Single Family
Closing
Oct 5, 2023
AI
A single-family property located at 4442 Prairie Avenue in Miami Beach has been sold for a price of $8,600,000. The property spans 5,889 square feet, resulting in a price per square foot of $1,460. The sale was completed on October 5, 2023.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $8,600,000
- Address: 4442 Prairie Avenue, Miami Beach
- Market: Miami Beach
Myles Shear acted as the buyer in this transaction, while Eitan Zimmerman served as the seller. Jordan Karp from Jordan Karp LLC represented Myles Shear as the buyer's representative. On the other hand, Joel Lusky and Zalmy Shapiro from The Brokerage South Florida Real Estate acted as the seller's representatives.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93