The Flatiron Building’s Luxury-Housing Era Is Beginning
Want an apartment that narrows to a point? The Flatiron Building, whose prow has nosed up Broadway across 23rd Street since its completion in 1902, has housed its last office tenant and is going residential, The Real Deal first reported this morning. (The owners won’t say whether that means condos or rentals, but it’s a fair guess that it will be the former.) It’s a joint venture with the Brodsky Organization, a developer that has bought into the group of four owners that includes the Gural family’s GFP Holdings and the Sorgente Group. It’s happening now because the owners, collectively, are finally in control of their building, after the conclusion of a long partners’ stalemate and then a tumultuous pair of auctions this year. (Calls and texts to Jacob Garlick, the excitable out-of-town bidder who won the first auction, then failed to pay up, remain unreturned six months later.) The new partnership notes that it will have to work closely with the city and the Landmarks Preservation Commission, because the building was one of the first to be landmarked by the city in 1966.
