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Abraham Brach Purchases Condo From FourLeaf Federal Credit Union For $7.9 Million In Gramercy Park
SOLD
$7,900,000
New York
See Similar DealsCondo640 SF
Sold 03/11/2026
SOLD
Abraham Brach Purchases Condo From FourLeaf Federal Credit Union For $7.9 Million In Gramercy Park
305 2nd Avenue
See Similar DealsCondo640 SF
Sold 03/11/2026
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$12,343
Total Square Footage:640 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
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