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127 Northeast 41st Street

LEASEDRetail

Craig Robins Of DACRA Leases Retail Space To Emilie Rubinfeld Of Carolina Herrera In Miami

127 Northeast 41st Street

Building Size

3,000 SF

Asset Type

Retail

Closing

Aug 18, 2026

AI

The property asset involved in this transaction is a retail space measuring 3,000 square feet located at 127 Northeast 41st Street, Miami, FL. The lease was executed on August 15, 2026. Carolina Herrera has opened a flagship boutique in this space as part of its expansion in the U.S. market. The location falls within Miami’s Design District.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 127 Northeast 41st Street
  • Market: Miami, FL
  • Landlord: Craig Robins - DACRA
  • Tenant: Emilie Rubinfeld - Carolina Herrera

The key individuals in this transaction include Craig Robins, representing DACRA as the landlord, and Emilie Rubinfeld, who represents Carolina Herrera as the tenant. This boutique is significant as it marks the fashion house's sixth store in the U.S. and aligns with its 45th anniversary celebration. The boutique showcases the full Carolina Herrera collection and features interiors designed by Creative Director Wes Gordon in collaboration with various artists and designers.

Players

Craig Robins

Broker

$644.8M

vol

7 deals

Broker

Craig Robins

DACRA

Landlord

$644.8M

vol

7 deals

Landlord

Emilie Rubinfeld

Carolina Herrera

Tenant

2 deals

Tenant

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