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6825 Sunrise Drive

Greg Herskowitz Of Sunrise Drive Real Estate Holdings Acquires Senior Housing In Coral Gables For $15.8M
SOLDSenior Housing

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

Judith Zeder

Coldwell Banker

Broker

$755.1M

vol

36 deals

Broker

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