Dan Kodsi Of RPC Acquires Development Site In Miami From Sin Bin

Located at 61 NE 9th St in Miami, this development site was recently sold in a closed transaction. The buyer, Dan Kodsi of RPC, acquired the property from the seller, Sin Bin. The deal was facilitated by Ryan T. Shaw from Marcus & Millichap. The sale price for the property was $4,450,000, with a building square footage (BSF) of 90,000 and a price per BSF of $49. The property itself spans across 7,500 square feet, resulting in a price per square foot (PPSF) of $593.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $4,450,000
• Buyer: Dan Kodsi - RPC
• Seller: Sin Bin
• Broker: Ryan T. Shaw - Marcus & Millichap
• BSF: 90,000
• PPBSF: $49
• SF: 7,500
• PPSF: $593

This transaction serves as a notable example of the continued growth in the real estate market in Miami. The involvement of prominent individuals and companies such as Dan Kodsi, RPC, Sin Bin, and Ryan T. Shaw of Marcus & Millichap highlights the significance of this deal. The property's attractive price per square foot and building square footage further contribute to its appeal.