The development site located at 650 SW 1st St in Miami has been sold in a recent transaction. The property, with a total square footage of 7,500, was listed with an asking price of $1,200,000. The sale price reached a final amount of $1,250,000, resulting in a price per square foot of $167. This transaction represents a building square footage (BSF) of 31,221, with a price per BSF of $40.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $1,250,000
• Address: 650 SW 1st St, Miami
• Market: Miami
• BSF: 31,221
• PPBSF: $40
• SF: 7,500
• PPSF: $167

The deal was facilitated by the brokers involved in the transaction. Agustin Duarte and Jorge Cruz from RE/MAX 360 Real Estate represented the seller, while Karley Chynces from ONE Sotheby's International Realty represented the buyer. The expertise and negotiation skills of these professionals contributed to achieving the successful sale of the development site in Miami.