TCG SP 23 LLC Purchases Land From Jason Rubell In Miami For $15 Million
1000 Northwest 23rd Street
$15,000,000
Building Size
—
Asset Type
Land
Closing
Jun 3, 2026
About this deal
AI
TCG SP 23 LLC purchased land located at 1000 Northwest 23rd Street in Miami, Florida for $15 million on June 3, 2026.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $15,000,000
- Buyer: TCG SP 23 LLC
- Seller: Jason Rubell - Rubell Hotels
- Transaction Date: June 3, 2026
- Market: Miami, FL
Jason Rubell of Rubell Hotels acted as the seller in this transaction, representing the interests of the selling party in the deal.
The land sale at 1000 Northwest 23rd Street in Miami, Florida sold for $15M in 2026. 1000 Northwest 23rd Street is classified as Land on Traded. Named participants on the 1000 Northwest 23rd Street sale are Jason Rubell. This page is the Miami, Florida file for the 1000 Northwest 23rd Street land sold: pricing, party profiles, and other closed land comps from the same Miami sit in the Market section below. Filter that Miami land set by closing date to see what else sold near 1000 Northwest 23rd Street around 2026. Published consideration for 1000 Northwest 23rd Street is $15M, dated 2026. Cite this TCG SP 23 LLC Purchases Land From Jason Rubell In Miami For $15 Million sale when underwriting similar land product around Miami, Florida.
On the Map
$15,000,000
Land
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Players
Miami Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93