Updated Oct 29, 2024
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
About this deal
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.
On the Map
$10,600,000
$1,312/SF
Single Family Residence
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Players
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