10/10/2023 0 Comments Iconic flat iron![]() The beloved building’s history reaches back even further, to a New York City full of ornate street lamps and horse-drawn carriages rolling down cobblestone streets. The Flatiron Building has gone to public auction once before: During the Great Depression, its owners defaulted on the mortgage, and it sold for $100,000 in 1933. The Flatiron Building in 1903, soon after it was builtĬhicago Sun-Times / Chicago Daily News collection / Chicago History Museum / Getty Images Without the needed renovations, the iconic building has been standing mostly empty. The New York Supreme Court ordered the auction as the building’s five stakeholders remained been stuck in a longstanding disagreement over how to proceed with immediate renovations, as well as how the building should be used in the future, according to Curbed’s Christopher Bonanos. “We are honored to be a steward of this historic building.” I’ve worked every day of my life to be in this position,” Garlick told NY1’s Dan Rivoli at the scene of his win. “It’s been lifelong dream of mine since 14 years old. ![]() The Flatiron Building-one of Manhattan’s most recognizable structures-sold to the tune of $190 million at a public auction on Wednesday.īidding started at $50 million before taking a surprising turn, when investor Jacob Garlick of the firm Abraham Trust outbid the gathered real estate heavyweights, including a consortium of several of the building’s current owners, who were hoping to repurchase it under new terms. ![]()
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