Alirio Torrealba Of MG Developer Sells Coral Gables Condo For $4.8 Million
535 Santander Avenue
$4,800,000
$1,676/SF
Building Size
2,863 SF
Asset Type
Condo
Closing
Oct 1, 2025
AI
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.
Players
Coral Gables Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93