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4151 Southwest 37th Avenue

Hilda Jacobson Of Douglas Elliman Represents Buyer In Coconut Grove Development Site Sale For $8.75M
SOLDDevelopment Site

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

Hilda Jacobson

Douglas Elliman

Broker

$23.1M

vol

4 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage

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