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Iconic Flatiron Building to be converted into luxury condos

Patrick Adcroft & Spectrum News Staff

After sitting mostly vacant for years, New York City’s iconic Flatiron Building is set for a second life in residential housing, its owners announced Thursday.

The Brodsky Organization will partner with the landmarked building’s new owners to convert it into apartments, the Manhattan-based real estate developer said in a news release.

The developer recently purchased a stake in the Fifth Avenue building and plans to construct luxury condos, The Real Deal first reported.

The Flatiron’s last tenant, MacMillan Publishers, moved out of the building in 2019. In the years that followed, the building’s then-owners shelled out around $100 million for upgrades and renovations, but a disagreement among them forced a judge to order it to auction.