Michael Benmeleh & Mendel Fellig Close $5M Single Family Sale In Miami Beach
4530 Prairie Avenue
$5,000,000
$1,385/SF
Building Size
3,610 SF
Asset Type
Single Family
Closing
Feb 22, 2024
AI
The property at 4530 Prairie Avenue in Miami Beach, a Single Family residence, was sold for $5,000,000. Spanning 3,610 square feet, the price per square foot was $1,385. The transaction took place on 02/22/2024.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,000,000
- Address: 4530 Prairie Avenue
- Market: Miami Beach
- Buyer's Rep: Michael Benmeleh - Beach City Realty
- Seller's Rep: Mendel Fellig - Compass
Michael Benmeleh from Beach City Realty served as the buyer's representative in the deal, while Mendel Fellig from Compass represented the seller. A note of gratitude was expressed by the Buyer's Rep: "Thank You Hashem."
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93