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

Property Image
SOLD
$10,600,000
Allison Blumenthal
Judith "Judy" Zeder

Florida

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Single Family Residence8,077 SF
Sold 02/12/2021
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Single Family Residence8,077 SF
Sold 02/12/2021
Allison Blumenthal
Judith "Judy" Zeder
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,312
Total Square Footage:8,077 SF
Transaction Type:Sale

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 "Judy" Zeder
Coldwell Banker
Judith Zeder
36 deals$755.1M volume
BROKER
Allison Blumenthal
Brown Harris Stevens
Allison Blumenthal
2 deals$17.9M volume
BROKER

Details

SOLD
IMAGE: Allison Blumenthal & Judy Zeder DATE: 02/12/2021 ADDRESS: 6875 Sunrise Drive MARKET: Coral Gables ASSET TYPE: SFR BUYER: Felix Sorkin - General Technologies Inc. SELLER: Susan Lynn Samas BROKERS: Allison Blumenthal - Brown Harris Stevens & Judy Zeder - The Jills Zeder Group - Coldwell Banker PRICE: $10,600,000 SF: 8,077 ~ PPSF: $1,312

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$565,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89