40 condos coming to Manhattan’s Flatiron Building

The Flatiron Building, originally constructed in 1902 and designed by architect Daniel H. Burnham, was the first skyscraper ever built north of Union Square and the first steel-framed skyscraper in the world, according to New York City Tourism + Conventions. The structure was designated a New York City Landmark in 1966 and a National Historic Landmark in 1989.

The building’s office space has been vacant since its last tenant, Macmillan Publishers, left in 2019. Its sole tenants as of now are its ground floor retail, including a T-Mobile store, which will remain after the conversion, according to The New York Times. 

“We believe that the Flatiron Building is well suited for residences and we look forward to working with the city and the Landmarks Preservation Commission on this exciting opportunity,” said Daniel Brodsky, managing partner of The Brodsky Organization, in the release.

New York City-based The Brodsky Organization recently bought a stake in Manhattan’s iconic Flatiron Building on Fifth Avenue, and intends to convert the office structure into 40 luxury condominiums, according to a press release shared with Multifamily Dive. 

Brodsky — managing a joint venture with two of the building’s part owners, New York City-based The Sorgente Group and GFP Real Estate — intends to seek approval for the project in early 2024. Specifics for the condos’ design and floor plans and sales price have not been released.

The redevelopment will include renovations necessary to protect the property, according to the release. A separate renovation, including repairs to the building’s terracotta facade, has been underway since 2019 and the building’s exterior has been covered in scaffolding since.