Flatiron Building Auction Date Set for May 23 After Botched Sale
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.
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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.
“I suspect he didn’t have the money, or that he realized he overbid and decided not to proceed."
A little-known buyer won an auction and then went off the radar, failing to pay the $19 million deposit. Now the famous building’s fate is uncertain.
The Flatiron Building’s fate is still up in the air with Jacob Garlick not delivering on 10 percent of the $190M owed by end of day Friday.
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