One of NYC’s most photographed landmarks will become home to 60 apartments

The Flatiron Building, which has long been a popular landmark to visit – and photograph – in Manhattan, is returning to housing.

Plans have been officially filed to transform the 200,000-square-foot property, which faces Madison Square Park, from outdated offices into 60 high-end condominium units.

There have been rumors of the steel-framed tower, now covered in scaffolding, becoming residential from 2023.

A private application to convert 175 Fifth Ave., filed by developers The Brodsky Organization, GFP Real Estate and Sorgente Group, was made public Monday, according to City Planning Department records.

The news was first reported by the Commercial Observer. Point added that the Flatiron building had most recently been home to British book publisher Macmillan, which left in 2019. It had long been largely vacant.

In total, there will be 60 units plus ground floor retail. dpa alliance/photo via Getty Images
Flatiron Building partially with scaffolding on March 14, 2023. dpa alliance/photo via Getty Images

Brodsky bought a stake in the property following the court-ordered auction drama of the 122-year-old building in 2023, during which a mysterious 31-year-old man named Jacob Garlick made a winning bid of $190 million — and then fell short to pay top Brodsky CEO Daniel Brodsky previously stated that the triangular address is “suitable for residential,” according to the publication.

Neither developer immediately responded to The Post’s requests for comment.

The triangular tower was built in 1902. GNMiller/NYPost

To move forward, the application will have to undergo an extensive review process, and of course construction. But developers aim to have city approval before the year is out — and residents to move in by the end of 2026, according to media reports. For now, many details about the units and other amenity offerings — and what they will look like — are unclear.

The building’s “unique floor plates” will allow the units to be more generously sized than other converted office apartments. While the application doesn’t specify projected apartment sizes, it notes that the 21-story structure could potentially accommodate about 100 units averaging 1,998 square feet.

All 60 apartments will be sold at market rate and the currently vacant ground floor shop space will be reduced from 6,500 square feet to 4,807, the application further adds.

The facade is also slated for some much smaller changes, including replacing the building’s windows and some limited exterior work, which the Landmarks Preservation Commission already approved earlier this year.

The Flatiron is among the city’s many office buildings that are in the process of being converted to residential units amid a battered office market and ongoing housing shortage.

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Image Source : nypost.com

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