The Flatiron Building has been a staple of the Manhattan skyline for over a century, and now it's up for grabs. Who will be the lucky new owner of this iconic landmark?
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The stalemate began after longtime tenant Macmillan Publishers announced it would be moving its offices downtown in 2019 after previously occupying all 21 floors of the Flatiron Building. According to Jeffrey Gural of GFP Real Estate, Silverstein wanted to bring in a new tenant before making necessary upgrades to the 120-year-old tower—some of which were required for safety reasons.
The Flatiron Building will be up for auction on March 22 with Mannion Auctions in New York. The profits are to be divided, and the owners will have the right to use their ownership stake to place a credit bid.
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