Daniel Brodsky Of Brodsky Organization And Veronica Mainetti Of Sorgente Group Sell Condo For $24.8M
175 Fifth Avenue, New York
$24,800,000
$5,361/SF
Building Size
4,626 SF
Asset Type
Condo
Closing
Mar 17, 2026
AI
A four-bedroom condo located at 175 Fifth Avenue in the Flatiron District has entered contract with an asking price of $24,800,000. This unit spans 4,626 square feet, resulting in a price per square foot of $5,361 and represents the priciest current deal in the newly converted 38-unit landmark.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $24,800,000
- Square Footage: 4,626
- Price per Square Foot: $5,361
- Address: 175 Fifth Avenue
- Market: Flatiron District
- Seller: Daniel Brodsky - Brodsky Organization
- Seller: Veronica Mainetti - Sorgente Group
This transaction highlights the involvement of Daniel Brodsky from Brodsky Organization and Veronica Mainetti from Sorgente Group as the sellers of the property.
Players
New York 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93