Greg Herskowitz Of Sunrise Drive Real Estate Holdings Acquires Senior Housing In Coral Gables For $15.8M
6825 Sunrise Drive
$15,800,000
$3,794/SF
Building Size
4,164 SF
Asset Type
Senior Housing
Closing
Apr 15, 2025
AI
The property asset involved in the transaction is located at 6825 Sunrise Drive in Coral Gables, classified as Senior Housing, and encompasses 0.38 acres. The property was sold for $15,800,000, with a total square footage of 4,164 and a price per square foot of $3,794.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $15,800,000
- Address: 6825 Sunrise Drive
- Market: Coral Gables
- Acres: 0.38
- Square Feet: 4,164
- Price Per Square Foot: $3,794
- Buyer: Greg Herskowitz - Sunrise Drive Real Estate Holdings
- Seller: Patricia Toscano
- Buyer's Representative: Judy Zeder - Jills Zeder Group - Coldwell Banker
- Seller's Representative: Mary Jochem - Slesnick and Jochem
Patricia Toscano, the seller, is an Irish-Italian restaurateur who acquired a waterfront Coral Gables teardown for $3M on April 1 and sold it three days later to an LLC managed by attorney Greg Herskowitz. The previous ownership was linked to a trust tied to Jeffrey Scott Gerson, with Mary Jochem representing the seller in the transaction.
Players
Coral Gables Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93