Updated Jan 27, 2026
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: $5,500,000
- Address: 740 NW 71st St
- Market: Miami
- Seller: Max Tonconogy
- Brokers: Mateo Romero & Alfredo Riascos - Gridline Properties
Mateo Romero and Alfredo Riascos represented the seller, Max Tonconogy, in this transaction, facilitating the sale of the property in Miami's development market.
On the Map
$5,500,000
$75/SF
Development Site
View full map
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Mateo Romero to view all their deals.
Browse Miami development site sales on Traded.
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