Here’s how this played out: highest bidder $190M
The Flatiron Building is an exemplar of the old adage “Get a partner. Buy a gun.” I am not advocating violence. Just commenting on the extreme dysfunction amongst the owners of the famous landmark.
For a partnership to initiate action, it requires unanimity. Four out of five of the owners agree about how to dispose of the property. The fifth put up a roadblock.
Consider it an opportunity to own a great historic corner of Manhattan!
It will be delivered empty (except for a mainfloor tenant). That makes this a rare chance to start fresh. The Flatiron will sell as a kind of aedificatio raso.
Walk with me 