Would you pay $58.5m to live New York City's historic Flatiron Building?
New York City’s iconic Flatiron Building is entering a new chapter. After seven years hidden behind scaffolding, this historic structure is emerging from an extensive renovation. The 1902 skyscraper, famous for its triangular shape and Beaux-Arts architecture, is transitioning from office space to ultra-luxury residences.
The development team, led by the Brodsky Organization, GFP Real Estate, and the Sorgente Group, converted the 24-storey landmark into 36 open-concept apartments. Prices for these units reach as high as $58.5 million for a full-floor residence. Residents will have access to amenities including a wellness center, billiards room, and an 18-meter pool.
Design firm Studio Sofield faced the challenge of turning a wedge-shaped office building into modern homes. Architects worked to preserve the historic integrity of the facade by replacing over 1,000 windows and hand-restoring thousands of terra-cotta pieces. Exposure of original steel beams throughout the units serves as a nod to the building's history as one of the city's first steel-frame skyscrapers.
Demolition work led to unexpected historical findings, including a hidden balcony on the 20th floor and remnants of a 1910s wooden revolving door. These artifacts and others found in the basement will be showcased in the lobby to maintain a connection to the building’s past. As the final scaffolding comes down, the building will be illuminated for the first time, highlighting its unique position at the intersection of Broadway and Fifth Avenue.
This conversion represents a significant shift in how some of Manhattan’s oldest properties remain relevant. While the neighborhood around the Flatiron has evolved, the structure remains a central point for tourists and locals alike. Residents are scheduled to move in within the coming months, with full completion expected in early 2027.