You have to follow my sequence of steps to solve this error:

1. Delete the problematic NDK folder:

rm -rf /Users/codersmacbook/Library/Android/sdk/ndk/27.1.12297006

2. Open Android Studio and go to SDK Manager at Preferences → Appearance & Behavior → System Settings → Android SDK. Select SDK Tools tab. Check NDK (Side by side) and install version 25.2.9519653 (This version works best with React Native).

3. Add the NDK version in android/build.gradle:

buildscript { ext { ndkVersion = "25.2.9519653"
} }

Or in android/gradle.properties:

android.ndkVersion=25.2.9519653

4. Clean and Rebuild the Project

cd android && ./gradlew clean

Thank me later!