Karyu Miami Restaurant Signs Lease In Miami's Design District With Craig Robins As Landlord
40 Northeast 41st Street
Building Size
263 SF
Asset Type
Retail
Closing
Feb 2, 2026
AI
The property asset involved in this transaction is a retail space located at 40 Northeast 41st Street, Miami, comprising 263 square feet. This venue is set to host Karyu Miami, a 12-seat wagyu kaiseki restaurant, marking a significant development in the local dining scene.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 40 Northeast 41st Street
- Market: Miami
- Square Footage: 263
- Landlord: Craig Robins - DACRA; J. Michael Chu & Scott Dahnke - L Catterton; Brian Kingston - Brookfield Properties
- Tenant: Haruka Katayanagi - Oniku Karyu; Andre Sakhai - Spicy Hospitality Group
The transaction features notable individuals such as chef Haruka Katayanagi, leading the venture for Oniku Karyu, alongside Andre Sakhai from Spicy Hospitality Group. The landlords include prominent figures in the real estate sector, with Craig Robins representing DACRA, J. Michael Chu and Scott Dahnke from L Catterton, and Brian Kingston from Brookfield Properties.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93