"Outsider Jacob Garlick Surprises with $190M Winning Bid for Flatiron Building at Auction"

Jacob Garlick, an investor from Northern Virginia, won the auction for the Flatiron Building in New York City with a $190 million bid, beating out the property's former owner, Jeffrey Gural. Garlick's firm, Abraham Trust, invests in private equity buyouts, mergers and acquisitions, and venture capital. The building is completely vacant and requires a major renovation that will be unlikely to produce any returns for several years. Garlick said owning the Flatiron Building has been his dream since he was 14 years old.