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Legendary Flatiron Building To Be Converted To Luxury Residential Condos And Rentals

With its only commercial tenant out, the legendary Flatiron Building at 175 Fifth Avenue is being converted into luxury housing.

The building has recently “fallen on hard times”, including seeing its only office tenant, Macmillan Publishers, move out before Covid, according to a report by The New York Times. This has prompted the building’s owners to redevelop the property.

A buyer had previously won an auction for the building back in March, but never showed up when it was time to cut the check. This past week, residential developer the Brodsky Organization bought a stake in the building and will lead the conversion according to the Times.

Read Full Article Here…(zerohedge.com)


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