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Daniel Brodsky Of Brodsky Organization And Veronica Mainetti Of Sorgente Group Sell Condo For $24.8M
SOLD
$24,800,000
New York
See Similar DealsCondo4,626 SF
Sold 03/17/2026
SOLD
Daniel Brodsky Of Brodsky Organization And Veronica Mainetti Of Sorgente Group Sell Condo For $24.8M
175 Fifth Avenue, New York
See Similar DealsCondo4,626 SF
Sold 03/17/2026
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$5,361
Total Square Footage:4,626 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,322,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,109.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$117,564.65
Annual Debt Service$1,410,775.83
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