![]() ![]() It's a beautiful building, but it needs $100 million of upgrades. I never thought that someone would bid so much for the building. "I was kind of shocked, to tell you the truth. Gural calling for a timeout, and while conferring with someone, said: "It's not worth it." Asked if he had any words for the winner he responded, "I wish you hadn't shown up."īut the bidding got too high. One of the building's previous owners, Jeffrey Gural of GFP Real Estate, was Garlick's fiercest competitors. The owners pushed out the ground floor retail to renovate the antiquated structure, spending $100 million to reduce its carbon footprint and bring it into the 21st century. The building's last office tenant, MacMillian Publishers, which occupied all 21 office floors, moved out in 2019. A judge forced them to put the building on the auction block. "One of the most photographed manmade structures in the entire world, and I think it's kudos to the new owner."īefore the auction, the Flatiron Building was owned by a consortium of real estate companies, but they disagreed about renovations and future tenants. ![]() "Look, you're talking about one of the most famous buildings in the world - iconic," he said. Brady added that the final bid was fair, but higher than he anticipated. "I didn't want to miss this iconic moment," said Tom Brady, a real estate broker from Douglas Elliman Real Estate. It attracted dozens of people looking to witness real estate history. ![]() The public auction was held outside of the state Supreme Court in Lower Manhattan. A judge forced them to put the building on the auction block Before the auction, the Flatiron Building was owned by a consortium of real estate companies, but they disagreed about renovations and future tenants.The public auction was held outside of the state Supreme Court in Lower Manhattan.The Flatiron Building sold at a live auction on Wednesday for $190 million. NY1 got exclusive remarks from the winner of the auction, Jacob Garlick. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |