Gural Finally Secures Flatiron Building for $161.5M in Redo Auction
Jeff Gural and his partners managed to retain the property — sans Nathan Silverstein — with a winning bid of $161.5 million.
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Jeff Gural and his partners managed to retain the property — sans Nathan Silverstein — with a winning bid of $161.5 million.
The iconic Flatiron Building is going up for auction for the second time in three months Tuesday, capping months of limbo following an aborted first sale in March and years of drama among its current owners.
On May 23, the 121-year-old building will return to a court-ordered auction for a price the partners hope will be more easily reached.
Market New York's Landmark Flatiron Building Will Go Up for Auction-Again-After the First Winning Bidder Failed to Pay a $19 Million Deposit ... | April 6, 2023
Last month, an auction looked to clear up debates over the ownership of the landmark structure, but the sale only complicated the situation.