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810 Northeast 71st Street

Romero Britto Purchases Development Site At 810 NW 71st Street For $5.2M From Doug Levine
SOLDDevelopment Site

Romero Britto Purchases Development Site At 810 NW 71st Street For $5.2M From Doug Levine

810 Northeast 71st Street

$5,200,000

$626/SF

Building Size

8,307 SF

Asset Type

Development Site

Closing

May 1, 2026

AI

The property involved in the transaction is a development site located at 810 NW 71st Street in Miami. The sale closed at a price of $5,200,000, with the property encompassing 8,307 square feet, which translates to a price per square foot of $625.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $5,200,000
  • Address: 810 NW 71st Street
  • Market: Miami
  • Square Footage: 8,307
  • Price per Square Foot: $625
  • Buyer: Romero Britto
  • Seller: Doug Levine
  • Seller's Representative: Jonathan Eismann - Gridline Properties

The transaction features Romero Britto as the buyer, with Doug Levine serving as the seller. Jonathan Eismann from Gridline Properties represents the seller in this transaction.

Players

Jonathan Eismann

Gridline Properties

Broker

$104.2M

vol

38 deals

Broker

Romero Britto

Buyer

$10.4M

vol

2 deals

Buyer

Doug Levine

Seller

$102.1M

vol

11 deals

Seller

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93