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175 5th Avenue

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:

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

Daniel Brodsky

The Brodsky Organization

Broker

$318.1M

vol

6 deals

Broker
Jeffrey Gural

Jeffrey Gural

GFP Real Estate

Seller

$1B

vol

25 deals

Seller
ABS Real Estate Partners
ABS Real Estate PartnersSeller

New York Condo Market Snapshot

Boundary boundary · Condo · Undercontract transactions

Loading comparables…

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