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The Flatiron Building was sold at auction on March 22, having sat empty since 2019. But the buyer failed to pay the deposit and has since pulled out. The current deed owner does not want to pay the price.
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“I suspect he didn’t have the money, or that he realized he overbid and decided not to proceed."
Man buys NY's iconic Flatiron building at auction, then backs out
Jacob Garlick, the highest bidder in last week's auction to purchase the Flatiron Building has defaulted on his deposit.