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
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