SOLDLand
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
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.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
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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