Abraham Brach Purchases Condo From FourLeaf Federal Credit Union For $7.9 Million In Gramercy Park
305 2nd Avenue
$7,900,000
$12,343/SF
Building Size
640 SF
Asset Type
Condo
Closing
Mar 11, 2026
About this deal
AI
Abraham Brach purchased a 640-square-foot condo located at 305 2nd Avenue in Gramercy Park, Manhattan. The sale was finalized for $7.9 million, resulting in a price per square foot of $12,344.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,900,000
- Buyer: Abraham Brach
- Seller: FourLeaf Federal Credit Union
- Square Footage: 640
- Price Per Square Foot: $12,344
The deal involved Abraham Brach as the buyer and FourLeaf Federal Credit Union as the seller, with the transaction occurring on March 11, 2026.
On the Map
$7,900,000
$12,343/SF
Condo
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New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $12.3K per square foot on a published $7.9M for 640 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93