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6875 Sunrise Drive, Coral G...

General Technologies Inc. Acquires SFR In Coral Gables For $10.6M With Buyer's Rep Felix Sorkin & Seller Susan Lynn Samas
SOLDSingle Family Residence

General Technologies Inc. Acquires SFR In Coral Gables For $10.6M With Buyer's Rep Felix Sorkin & Seller Susan Lynn Samas

6875 Sunrise Drive, Coral Gables, FL, USA

$10,600,000

$1,312/SF

Building Size

8,077 SF

Asset Type

Single Family Residence

Closing

Feb 11, 2021

AI

The recently closed property transaction in Coral Gables involved a single-family residence located at 6875 Sunrise Drive. This spacious residence spans across 8,077 square feet, offering ample living space. The property was sold for a total price of $10,600,000, resulting in a price per square foot of $1,312. The transaction took place on February 12, 2021, with Susan Lynn Samas as the seller.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $10,600,000

Felix Sorkin, representing General Technologies Inc., emerged as the buyer in this deal. The sale was facilitated by the brokers Allison Blumenthal from Brown Harris Stevens and Judy Zeder from The Jills Zeder Group - Coldwell Banker. Their expertise in the local market played a vital role in ensuring a successful transaction for both the buyer and the seller.

Players

Judith Zeder

Coldwell Banker

Broker

$755.1M

vol

36 deals

Broker

Coral Gables Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.50%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93