Hilda Jacobson Of Douglas Elliman Represents Buyer In Coconut Grove Development Site Sale For $8.75M
4151 Southwest 37th Avenue
$8,750,000
$118/SF
Building Size
74,052 SF
Asset Type
Development Site
Closing
Jul 23, 2025
AI
The property asset involved in the transaction is a development site located at 4151 South Douglas Road in Coconut Grove. The sale price recorded for this asset is $8,750,000, encompassing a total square footage of 74,052, which results in a price per square foot of $118.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,750,000
- Address: 4151 South Douglas Road
- Market: Coconut Grove
- Square Footage: 74,052
- Price Per Square Foot: $118
- Buyer's Representative: Hilda Jacobson - Douglas Elliman
- Seller's Representative: Oscar Arellano - Berkshire Hathaway HomeServices
The key individuals involved in this transaction include Hilda Jacobson, who represented the buyer, and Oscar Arellano, who represented the seller. Both representatives are associated with prominent real estate agencies: Douglas Elliman for Hilda Jacobson and Berkshire Hathaway HomeServices for Oscar Arellano.
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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93