The Flatiron Building Will Be Converted Into Condos
The storied office building will receive a second life as home to roughly 40 residences, according to the owners.
The Flatiron, the storied office building in the heart of Manhattan that has recently fallen on hard times, will be converted into luxury housing, its owners announced on Thursday.
The proposed redevelopment by the new owners is aimed at starting a second life for the Flatiron — its sole office tenant, Macmillan Publishers, departed before the pandemic — and moving past a dramatic period in which its fate seemed uncertain. In March, a little-known buyer won an auction for the building, only to disappear without paying.
The building’s future as housing began to take shape this week when the Brodsky Organization, a residential developer, bought a stake in the 22-story, triangular-shaped tower on Fifth Avenue. Brodsky will lead the conversion, carving out units — either for sale as condominiums or as rentals — from the notoriously awkward space.
