Would you pay $58.5m to live in this iconic New York building?
With its renovation nearly complete, the Flatiron is ready for its next - and most extravagant - phase of life.
Imagine paying $58.5 million to reside within one of New York City's most iconic structures. For over a century, the Flatiron Building has stood as a globally recognized landmark, distinguished by its unique triangular form, pointed "prow," ornate columns, and intricate decorative elements.
However, for the past seven years, this Beaux-Arts masterpiece has been obscured by scaffolding, its exterior hidden from the countless tourists who once flocked to admire it. The building has been undergoing an extensive internal and external overhaul, transforming from an awkwardly configured office space into ultra-luxury residences. New units are now being offered for as much as $58.5 million (£43.9 million). According to data compiled by Manhattan Miami Real Estate, only 21 other residences currently available or under contract in New York City command a higher price, with a $128 million (£96.1 million) condo near Central Park holding the top spot.
With its renovation nearing completion, the Flatiron Building is poised to enter its most opulent chapter. For more than 120 years, it has been a testament to architectural brilliance. While its rich history is celebrated in this redevelopment, the building is also becoming a stark illustration of the escalating costs of luxury apartments in the city. The Flatiron Building, as seen in 2023, was enveloped in dark scaffolding for an extended period.
The Flatiron Building's current revival echoes its original construction. Completed in 1902, it was considered an architectural marvel, featuring pioneering steel-frame construction that made it one of the city's earliest skyscrapers. Architect Daniel Burnham designed it to fit a wedge-shaped