Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    What Real Estate Agents Need To Know About Cognitive Impairment

    December 10, 2024

    Will 2025 finally be a ‘normal’ housing market?

    December 10, 2024

    The Customer Is Always Right, But What If They’ve Been Misinformed?

    December 10, 2024
    Facebook X (Twitter) Instagram
    Trending
    • What Real Estate Agents Need To Know About Cognitive Impairment
    • Will 2025 finally be a ‘normal’ housing market?
    • The Customer Is Always Right, But What If They’ve Been Misinformed?
    • eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees
    • Americans More Optimistic Home Prices and Mortgage Rates Have Peaked
    • EasyKnock abruptly shuts down its sale-leaseback platform
    • Under-The-Radar NAR Nonprofit May Have Hidden GOP Agenda
    • NAR’s nonprofit funds conservative groups
    Facebook X (Twitter) Instagram
    Industry Movement
    • Home
    • Entertainment
    • Business
    • News
    • Real Estate
    Industry Movement
    Home»Real Estate»New York’s Flatiron Building To Be Transformed Into 60 Luxury Condos
    Real Estate

    New York’s Flatiron Building To Be Transformed Into 60 Luxury Condos

    adminBy adminAugust 31, 2024No Comments0 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The iconic Flatiron Building in Manhattan is set to undergo a transformation from outdated office spaces to luxury residences and retail, according to new building plans revealed earlier this week.

    Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025.

    New York’s iconic Flatiron Building in Manhattan is set to undergo a transformation from outdated office tower to luxury living with an expected opening in 2026, the New York Post reported Wednesday.

    Records from New York’s Department of City Planning reveal that The Brodsky Organization, The Sorgente Group, and GFP Real Estate have filed an application to convert the 204,593-square-foot property at 175 Fifth Avenue into a mixed-use residential and commercial space.

    The redevelopment will include up to 60 market-rate condominiums and approximately 4,800 square feet of ground-floor retail space. Completion is anticipated by 2026.

    New York’s Flatiron Building  | Canva

    News of the conversion originally came in late 2023.

    MultiFamily Dive reported that the building, originally constructed in 1902 and designed by architect Daniel H. Burnham, would house 40 luxury condos after The Brodsky Organization acquired a 25 percent stake in the building for $40 million.

    “We believe that the Flatiron Building is well suited for residences and we look forward to working with the city and the Landmarks Preservation Commission on this exciting opportunity,” Daniel Brodsky, managing partner of The Brodsky Organization, said in the release.

    Brodsky’s stake was purchased following a court-ordered auction in March 2023 to resolve a dispute among owners, including real estate investor Jeffrey Gural. Jacob Garlick, a New York City investor, won the auction with a $190 million bid but failed to provide the deposit, leaving Gural uncertain about the building’s future.

    The Flatiron Building has remained vacant since its last tenant, Macmillan Publishers, left in 2019, according to MultiFamily Dive.

    Before construction begins, expected in early 2025, the application must undergo an extensive review process. Details about the units, including floor plans, amenities and unit sizes have not yet been disclosed.

    Records from the city noted that the structure could accommodate around 100 units.

    The redevelopment will also include necessary renovations to preserve the property, the MultiFamily Dive reported. Separate renovations, including repairs to the building’s terracotta facade, have been ongoing since 2019, with scaffolding covering the exterior.

    According to the New York Post, the Flatiron Building is among 64 New York City office buildings undergoing conversion to residential units amid a struggling office market and an ongoing housing shortage.

    Email Richelle Hammiel





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    admin

    Related Posts

    What Real Estate Agents Need To Know About Cognitive Impairment

    December 10, 2024

    Will 2025 finally be a ‘normal’ housing market?

    December 10, 2024

    The Customer Is Always Right, But What If They’ve Been Misinformed?

    December 10, 2024
    Leave A Reply Cancel Reply

    Recent Posts
    • What Real Estate Agents Need To Know About Cognitive Impairment
    • Will 2025 finally be a ‘normal’ housing market?
    • The Customer Is Always Right, But What If They’ve Been Misinformed?
    • eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees
    • Americans More Optimistic Home Prices and Mortgage Rates Have Peaked
    Recent Comments
      Archives
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      Categories
      • Business
      • Entertainment
      • News
      • Real Estate
      Meta
      • Log in
      • Entries feed
      • Comments feed
      • WordPress.org
      Demo
      Top Posts

      How To Avoid These 12 Costly Business Traps

      November 30, 202430

      Gen Zer Won NYC Housing Lottery, Pays $1.6K Rent for Queens Apartment

      October 1, 202427

      SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

      November 21, 202424

      Better Pay, More Time Off: What Real Estate Agents Want This Labor Day

      August 31, 202424
      Don't Miss
      Real Estate

      What Real Estate Agents Need To Know About Cognitive Impairment

      By adminDecember 10, 20245

      Senior real estate specialist Nikki Buckelew writes that understanding cognitive impairment among seniors is about…

      Will 2025 finally be a ‘normal’ housing market?

      December 10, 2024

      The Customer Is Always Right, But What If They’ve Been Misinformed?

      December 10, 2024

      eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees

      December 10, 2024
      Stay In Touch
      • Facebook
      • Twitter
      • Pinterest
      • Instagram
      • YouTube
      • Vimeo

      Subscribe to Updates

      Get the latest creative news from SmartMag about art & design.

      Demo
      Our Picks

      What Real Estate Agents Need To Know About Cognitive Impairment

      December 10, 2024

      Will 2025 finally be a ‘normal’ housing market?

      December 10, 2024

      The Customer Is Always Right, But What If They’ve Been Misinformed?

      December 10, 2024
      Most Popular

      How To Avoid These 12 Costly Business Traps

      November 30, 202430

      Gen Zer Won NYC Housing Lottery, Pays $1.6K Rent for Queens Apartment

      October 1, 202427

      SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

      November 21, 202424
      Legal Pages
      • About Us
      • Disclaimer
      • DMCA Notice
      • Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.