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Brodsky to convert Flatiron Building to condos

Rich Brockmann - The Real Deal

The Flatiron Building is going residential.

The Brodsky Organization has bought a stake in the storied landmark and is teaming up with the owners to convert it into apartments, the partners announced Thursday.

Brodsky, one of New York’s dynastic real estate families, will oversee the conversion of the 120-year-old building — most likely into condos rather than rentals — with the Sorgente Group. It’s the latest turn in a saga that has enveloped one of the city’s icons.

The property went up for auction in the spring after its owners — which included Jeff Gural’s GFP Real Estate, the Sorgente Group, ABS Partners and investor Nathan Silverstein — couldn’t agree what to do with the vacant office building.