facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Development Site

/

Sale

/

740 Northeast 71st Street

Max Tonconogy Sells Development Site At 740 NW 71st St Miami For $5.5M
SOLDDevelopment Site

Max Tonconogy Sells Development Site At 740 NW 71st St Miami For $5.5M

740 Northeast 71st Street

$5,500,000

$75/SF

Building Size

72,726 SF

Asset Type

Development Site

Closing

Jan 15, 2026

AI

This development site located at 740 NW 71st St in Miami was sold for $5,500,000. The property spans 72,726 square feet, translating to a price per square foot of $75.

Summary of transaction details:

Mateo Romero and Alfredo Riascos represented the seller, Max Tonconogy, in this transaction, facilitating the sale of the property in Miami's development market.

Players

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage

Max Tonconogy

Seller

$5.6M

vol

3 deals

Seller

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93