New York\u2019s most-photographed landmark just became its hardest apartment to snag.<\/p>\n
Nearly every unit publicly listed for sale at Manhattan\u2019s famed Flatiron Building has already found a buyer, cementing the century-old triangular landmark as the most sought-after residential conversion in Manhattan just as it prepares to open its doors this fall.<\/p>\n
Of the 22 residences StreetEasy has shown as listed for sale at 175 Fifth Ave., only four remain unsold, putting the building at roughly 82% absorption on its public listings. That kind of pace for a building still finishing construction has stunned brokers who track the city\u2019s luxury new development pipeline, where units routinely sit for a year or more before finding takers.<\/p>\n
The Flatiron Building has quickly become New York\u2019s hardest apartment building to get into because almost every listed unit has already found a buyer. Sergii Figurnyi \u2013 stock.adobe.com<\/p>\n
Out of 22 residences put up for sale on StreetEasy, only four remain unsold today \u2014 representing an 82% sales rate. Stephen Yang for NY Post<\/p>\n
The building just topped a major weekly luxury contract report for the second week in a row. Adrian Gaut<\/p>\n
The latest proof came last week, when the Flatiron Building notched its second straight appearance atop Olshan Realty\u2019s weekly contract report. <\/a><\/p>\n Unit 17-North, a four-bedroom spanning 4,626 square feet with a 63 by 27-foot great room overlooking Madison Square Park, went into contract asking $23.95 million. Its final price, as well as its forthcoming owner, are not yet known until the deal closes.<\/p>\n It marks the second time in three weeks<\/a> that a unit inside the building has claimed the No. 1 spot in the report, a rare feat for any single address. It\u2019s also one that puts the successful conversion ahead of the ultra-exclusive new-construction towers it finds itself competing against for the city\u2019s wealthiest buyers.<\/p>\n Few buildings anywhere carry the instant global recognition of the building\u2019s razor-thin silhouette, a shape so famous it lent its name to the entire neighborhood surrounding it. Built in 1902 to a design by Daniel Burnham, the 22-story tower spent well over a century as commercial office space before Macmillan Publishing, its last major tenant, moved out in 2019 and left the building largely vacant.<\/p>\n A massive four-bedroom apartment known as unit 17-North recently went into contract after asking a staggering $23.95 million. Visualization One<\/p>\n This famous 22-story tower was originally built way back in 1902 and spent over a century working as commercial office space. Visualisation One<\/p>\n Prices for these 36 special homes start at just under $11 million and go all the way up to $58.5 million for the top penthouse. Visualization One<\/p>\n Buyers are even combining units, like one person who bought the entire seventh floor for $30.5 million to make a single giant home. Visualisation One \/ Courtesy of The Flatiron Building<\/p>\n What followed was a saga befitting the property\u2019s outsized reputation. When the Flatiron Building\u2019s owners couldn\u2019t agree on its future, the property went to auction in 2023, where a little known bidder named Jacob Garlick won with a bid of $190 million<\/a> and then vanished without ever putting down his deposit.<\/p>\n A second auction that spring produced a winning bid of $161 million from those existing owners<\/a>, which then partnered with the Brodsky Organization to reimagine the office relic as residential real estate.<\/p>\n The developers tapped Studio Sofield<\/a> to handle the interiors, a decision that has become central to the building\u2019s marketing pitch. The firm reworked the awkward angles created by the building\u2019s wedge-shaped floor plates into a layout of one north-facing and one south-facing unit per level, plus two sprawling full floor residences on the top two stories.<\/p>\n To support its new residents, the historic structure is being packed with modern luxuries like a fitness center and a 60-foot lap pool. Visualisation One<\/p>\n The building will be home to spa-like bath retreats. Visualization One<\/p>\n People will finally be able to move into their new apartments this fall, while the rest of the building\u2019s luxury amenities will wrap up in early 2027. Visualization One<\/p>\n There will also be a jewel-toned billiards room for homeowners. Visualisation One<\/p>\n Pricing across the 36 sellable units ranges from just under $11 million for a three bedroom to $58.5 million for the penthouse <\/a>spanning the 21st floor. But not all units have hit the market yet, a representative for Corcoran Sunshine Marketing Group told The Post. <\/p>\n Sales launched quietly last fall, publicly early this year, and momentum has only built since.<\/p>\n