There’s no way to walk through New York City’s Flatiron district without seeing The Flatiron Building. It first opened in 1902 and has been part of the city’s fabric ever since. And for the first time in 124 years, if you have the money, you can call it home.
Formerly a commercial building, the Flatiron Building is being converted into 38 luxury condominiums, with a full completion scheduled for later this year. Apartments in the building range from three-bedroom units selling for around $10.95 million to the penthouse on the 21st floor going for over $50 million. Corcoran Sunshine is leading sales and marketing for all of the apartments, which were designed by Studio Sofield.
“Very few buildings in the world elicit an emotional response like The Flatiron Building and reimagining this iconic landmark as residential homes has been an exciting and deeply meaningful experience; one we approach with great care and respect,” William Sofield, designer and founder of Studio Sofield, tells CNBC Make It via email.
There are currently two four-bedroom, four-bathroom units available, priced from $16 million to $18.9 million. Others are set to become available later this year, with three-quarters of the building expected to be done by July.
The 11th floor apartment spans 3,828 square feet and occupies two corners of the building.
Courtesy of The Flatiron Building
The first is an 11th-floor unit that went on the market on Jan. 24 for $16 million. It spans 3,828 square feet and occupies two corners of the building, offering south, east and west exposures.
The standout feature is the great room, measuring 58 feet by 21 feet, with 10-foot ceilings.
“You’re in a historic building looking at historic facades. It gets tremendous light because it’s southwest facing,” James Lansill, senior managing director at Corcoran Sunshine Marketing Group, tells CNBC Make It.
The second apartment is on the sixth floor and listed for $18.9 million. It spans 4,654 square feet with a great room measuring more than 63 feet by 26 feet. It also has an additional half bathroom. The unit offers views of Madison Square Park, up to Fifth Avenue and Broadway.
One of the facing points of the apartment has views of Madison Square Park.
Courtesy of The Flatiron Building
Lansill says the Flatiron Building apartments are special because each unit has subtle differences from its peers.
“Each one has a personality and that personality can be informed by the historical trim that surrounds the outside of the window,” he says.
“What was modern about The Flatiron Building in 1902 is still what’s modern about it today. The reimagined interiors reflect a love of craftsmanship, texture, and history. We carefully considered what kind of design would best honor the site’s integrity and its place within the city,” Sofield says.
The sixth floor apartment spans 4,654 square feet with a great room measuring over 63 feet by 26 feet.
Courtesy of The Flatiron Building
The Flatiron Building conversion began in 2023 and is a redevelopment led by the Brodsky Organization and the Sorgente Group.
“It’s been a thrilling process because the building has this historical and architectural interest, but it also has this iconic shape,” Lansill says.
Landsill adds that because the building was designed for commercial use, it took the team about eight months to develop a concept that made sense. They eventually landed on two units per floor — a north and south apartment — plus two full-floor units on floors 20 and 21.
Some of the amenities include a 60-foot lap pool, fitness center, billiards rooms and a piano lounge.
Courtesy of The Flatiron Building
Part of the conversation meant adding 21st-century amenities, including a wellness center, fitness center, sports simulator, lounge, 60-foot lap pool, billiards rooms and a piano lounge. The building also offers residents private storage and wine cellars for an extra fee.
At the time of reporting, four apartments in the building have already sold, according to Lansill.
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