← Back
NYC landmark reborn

Flatiron building reopens as $58.5m luxury apartments

The Flatiron building in New York is reopening as a luxury residential property, offering 36 apartments, the priciest at $58.5m.
By
Flatiron building reopens as $58.5m luxury apartments
Foto: The Guardian
The essentials
  • The top-floor apartment spans 72ft with five bedrooms and five bathrooms.

The $58.5m top-floor apartment

The top-floor apartment, costing $58.5m, spans 72ft in a 'great room' and includes a sauna and two dressing rooms. It remains uncertain who has offered for the unit, which occupies the entire top floor. This luxurious property is part of a building that has undergone a seven-year transformation from commercial to residential.

The apartment features five bedrooms, five bathrooms, a dining room, and a breakfast room. The buyer will gain a private space in one of New York's oldest and most iconic buildings. The building's history and reputation add to the allure of this exclusive penthouse.

Interior and exterior renovations took seven years

The building's steel frame, once a modern marvel, was exposed during the redesign. A New York design firm oversaw the interior transformations. The exterior, made of terra-cotta and limestone, required hand-replication of thousands of pieces. Special care was given to restore lion heads and eagles, and the building's façade was reinstalled by hand.

The reimagined Flatiron, a Beaux-Arts structure with ornamental brick and terracotta, has been carefully restored. The building's triangular shape, which resembles a clothes iron from above, is now fully visible after years of scaffolding. The renovations aimed to preserve the historic elements while adapting the space for modern residential living.

The interior design showcases the building's original steel skeleton. This feature was once a cutting-edge technological achievement and is now part of the building's charm. The design team focused on maintaining the building's character while adding luxurious amenities.

Historical quirks and the 'Flatiron breeze'

The building was once criticized for creating a wind tunnel at street level. The so-called 'Flatiron breeze' blew skirts up and caused embarrassment. Completed in 1902, the building was named after its triangular shape, though its actual shape is a scalene triangle. It was originally called the Fuller Building but the name Flatiron became permanent.

The Flatiron breeze was a source of both amusement and concern. It was said to have blown people into each other's arms, causing much embarrassment. A tragic incident occurred when a 14-year-old messenger boy was caught in the wind and run over by a car. The building's shape was initially seen as problematic, but it has now become a defining feature.

Despite initial skepticism, the Flatiron has become one of New York's most admired buildings. It was designed by Daniel Burnham, a renowned architect of the time. The building's unique shape and the challenges it posed during its construction are now part of its legacy.

The building's popularity has grown over the years, and it is now a favorite of tourists and locals. The Flatiron's history, including its role in shaping New York's urban landscape, adds to its charm. The recent renovations have preserved its character while making it suitable for modern living.

The building's transformation into a residential space has been carefully managed. The Brodsky Organization, which owns the building, has worked to ensure that the new apartments maintain the building's historic integrity. Daniel Brodsky, the managing partner, has highlighted the advantages of living in such a landmark.

Brodsky noted that while there may be hesitation in taking on a landmark building, the benefits are significant. The building's unique character and location make it an attractive option for wealthy residents. The Flatiron's proximity to good transportation, top restaurants, and Central Park adds to its appeal.

The building's amenities include a double-height lobby, a pool, and a games room with a billiards table. These shared spaces complement the luxury of the individual apartments. The building's design firm has ensured that the interior spaces are both functional and aesthetically pleasing.

The building's history and the stories associated with it, such as the Flatiron breeze and the tragic incident involving John McTaggert, are part of its rich narrative. The building's transformation reflects a balance between preserving its past and adapting to the needs of the present.

“There’s always hesitation taking on a landmark building like this. But there’s also an advantage. It has an incredibly special character that makes it worth the pain.”

Frequently asked questions

What is the most expensive apartment in the Flatiron building?

The priciest apartment costs $58.5m and is on the top floor, featuring a 72ft great room, five bedrooms and five bathrooms.

How many apartments are in the Flatiron building?

The building has 36 apartments, including some that span entire floors.

How long did the Flatiron building renovations take?

The exterior and interior renovations took around seven years.

Based on reporting by Guardian Business, compiled by the Tradingbird newsroom. Published 02 Aug 2026, 06:09.
Topics: Deals · Growth

Related

Down with old blame, up with new facts · Markets ·

NY Sues Kalshi Over $36B in Illegal Gambling, Says Platform Violates State Law · Markets ·

HMRC scrutiny shakes Premier League transfer window · Markets ·

90.2% of $1.5B hack funds untraceable · Markets ·

Visa to Acquire BioCatch in $2.4 Billion Deal · Markets ·

Read this in: English · Arabiy · Deutsch · Espanol · Italiano · Portugues · Russkij · Turkce