The historic Flatiron Building in New York was sold on Wednesday for $190 million (€174.6 million).
Businessman Jacob Garlick and his investment company will become the new owners of the building, which is located at the intersection of Broadway and Fifth Avenue, in the Flatiron district of Manhattan. “I’ve dreamed of owning the building since I was 14,” Garlick said.
The size of the show was unexpected. “I was absolutely shocked that someone would give so much money for the building,” said Garlick’s rival Jeffrey Gural. commercial observer. The real estate entrepreneur predicted that only $80 million would be offered for the building. “It’s a nice building, but it’s not really worth much.”
Upon its completion in 1902, the iconic Flatiron Building, which literally translates as “iron building,” was one of the tallest skyscrapers in the city at 87 meters and 22 floors. As of 2020, it is vacant due to disagreements over renovations between the various previous co-owners. The auction was ordered by a judge.
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