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RE/MAX 360 Real Estate & ONE Sotheby's Int'l Realty Sell Miami Development Site On SW 1st St

650 Southwest 1st Street
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This Development Site property located in FL was sold for $1,250,000 almost 2 years ago. The brokers of the deal were Karley Chynces, Jorge Cruz, and Agustin Duarte

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.

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Deals
  • Location
    650 Southwest 1st Street, Miami, Florida 33130, United States650 Southwest 1st Street, Miami, Florida 33130, United States
  • Sale Price
    $1,250,000$1,250,000
    $166 PPSF$166 PPSF
  • Area
    7,500 SF7,500 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Karley Chynces

Karley Chynces

Deals1
Sold$1.3M

Jorge Cruz

Jorge Cruz

Deals5
Sold$24.7M

Agustin Duarte

Agustin Duarte

Deals20
Sold$68M

Agencies

Sotheby's International Realty

Sotheby's International Realty

Agency
Deals1411
Volume$12.5B

Re/Max

Re/Max

Agency
Deals480
Volume$2.2B

Social

Deal Summary

SALE IMAGE: Jorge Cruz, Agustin Duarte & Karley Chynces DATE: 05/13/2022 ADDRESS: 650 SW 1st St MARKET: Miami ASSET TYPE: Development Site BROKERS: Agustin Duarte (@MagicCityCommercial) & Jorge Cruz (@Jorge_theCruzTeam)- RE/MAX 360 Real Estate (@Remax360RealEstate); Karley Chynces (@KarleyChynces) - ONE Sotheby's International Realty (@ONESIR) ASKING PRICE: $1,200,000 SALE PRICE: $1,250,000 BSF: 31,221 ~ PPBSF: $40 SF: 7,500 ~ PPSF: $167

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650 Southwest 1st Street

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