UNDER CONTRACTCondo
Jeffrey Gural Valter Mainetti Daniel Brodsky Sell Condo In Flatiron District For $15.65M
175 5th Avenue
$15,650,000
$5,182/SF
Building Size
3,020 SF
Asset Type
Condo
Closing
Aug 4, 2026
AI
A three-bedroom condo situated on the 18th floor of the Flatiron Building has entered into contract with an asking price of $15,650,000. This residence spans 3,020 square feet, resulting in a price per square foot of $5,182, located in the Flatiron District.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $15,650,000
- Address: 175 5th Avenue
- Market: Flatiron District
- Square Footage: 3,020
- Price per Square Foot: $5,182
- Seller: Jeffrey Gural - GFP Real Estate, Valter Mainetti - Sorgente Group, ABS Real Estate Partners, & Daniel Brodsky - Brodsky Organization
The transaction includes a notable shift as the historic 1902 Beaux-Arts building transitions into luxury condominiums, with at least 15 units now under contract and featuring restored historic details and high-end amenities for future residents.
Players
ABS Real Estate PartnersSeller
New York Condo Market Snapshot
Boundary boundary · Condo · Undercontract transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93