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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.
The building’s buyer, Jacob Garlick, won the Fifth Avenue landmark last week -- but is already behind on payment.
The man who won ownership of the iconic Flatiron Building in NYC with a $190M bid now may have immediately lost the rights to it after failing to make the first $19M down payment.
The sale to outsider bidder Jacob Garlick puts an end to the protracted legal battle between the iconic skyscraper’s five former owners.