Alirio Torrealba Of MG Developer Sells Coral Gables Condo For $4.8 Million
SOLD
$4,800,000
Florida
See Similar DealsCondo2,863 SF
Sold 10/01/2025
SOLD
Alirio Torrealba Of MG Developer Sells Coral Gables Condo For $4.8 Million
535 Santander Avenue
See Similar DealsCondo2,863 SF
Sold 10/01/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,676
Total Square Footage:2,863 SF
Transaction Type:Sale
The asset involved in this transaction is a condo located at 535 Santander Avenue in Coral Gables. The sale was conducted at a price of $4,800,000, with a total square footage of 2,863 and a price per square foot of $1,676.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,800,000
- Address: 535 Santander Avenue
- Market: Coral Gables
- Square Footage: 2,863
- Price Per Square Foot: $1,676
- Seller: Alirio Torrealba - MG Developer
- Broker Representatives: Annie Tabraue & Banna Fakhoury - One Sotheby’s International Realty
- Sale Date: 10/01/2025
Alirio Torrealba represented MG Developer as the seller in this transaction. The deal was facilitated by brokers Annie Tabraue and Banna Fakhoury from One Sotheby’s International Realty, who worked collaboratively to complete the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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