Flatiron Building fetches record-breaking $190 million at auction.
The iconic Flatiron Building in NYC was sold for $190 million at an auction that lasted 45 minutes and attracted real estate "heavyweights." The winning bidder, Jacob Garlick, is the founding partner of Abraham Trust, a growth equity venture fund. The building was previously owned by a group of partners who sued each other over its fate, leading to the court's decision to put it up for auction. The landmark building, which was designated a landmark in 1966, has been vacant since 2019, and it is unclear what Garlick's plans are for the property.