Rani Hussami's Apex Capital Reality Closes $30M Downtown Miami Development Site Deal

A development site in Downtown Miami has recently been sold for a total price of $30,000,000. The property, located at 222 NE 1st Ave & 50 - 60 NE 3rd St, covers an area of approximately 45,000 square feet. The sale price translates to a price per square foot of $667. The transaction took place on August 23, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Address: 222 NE 1st Ave & 50 - 60 NE 3rd St
• Market: Downtown Miami
• Square Footage: 45,000
• Price per Square Foot: $667

Rani Hussami, CCIM of APEX Capital Reality served as the broker for this transaction.