Flatiron: Prices Unveiled for NYC’s Most Iconic Conversion

Posted by:

Owning a home inside one of New York City’s most recognizable landmarks is now officially possible. The long-awaited conversion of the Flatiron Building is finally revealing its prices. Developers have filed plans outlining 38 luxury residences with a projected sellout of around $375 million. The first 18 units released range from just under $11 million for a 3,000-square-foot (280 m²) apartment to $50 million for a 7,400-square-foot (687 m²) duplex.

spectacular penthouse with over 6,600 square feet (613 m²) of outdoor space will be among the most exclusive offerings, though pricing has yet to be announced. The project, developed by the Brodsky Organization and Sorgente Group, marks a new chapter for the landmark at 175 Fifth Avenue. Sales have quietly begun amid a tight new development market, as high costs and limited financing make projects like this increasingly rare.

(source: The Real Deal, picture: David Becker)

0