Updated Oct 12, 2026
DACRA Acquires Development Site In Miami Design District For $1.3M
27 Northwest 39th Street
$1,300,000
$260/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
Sep 12, 2022
About this deal
AI
The asset involved in the closed transaction is a development site located at 27 NW 39th Street in the Miami Design District. The sale price for this property was $1,300,000, with a total square footage of 5,000, resulting in a price per square foot of $260.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $1,300,000
- Address: 27 NW 39th Street
- Market: Miami Design District
- Square Footage: 5,000
- Price per Square Foot: $260
- Buyer: DACRA - Craig Robins
- Seller: ESJ Capital Partners - Arnaud Sitbon
- Brokers: Alex K. Tsoulfas & Martin Bravo - APEX Capital Realty
Craig Robins, representing DACRA, was involved in the acquisition, while Arnaud Sitbon represented ESJ Capital Partners as the seller. The transaction was facilitated by brokers Alex K. Tsoulfas and Martin Bravo from APEX Capital Realty, who played a key role in the deal process and negotiations.
On the Map
$1,300,000
$260/SF
Development Site
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Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93