The "Flatiron" was sold at auction Tuesday, May 23 for $161 million to a group of buyers led by real estate developer Jeff Gural. The sale took place outdoors in lower Manhattan in front of a hundred people, and seven buyers were registered.
On March 23, the building was sold for the first time for $ 190 million, under order of the city, to settle a dispute between its owners. But the buyer, financier Jacob Garlick, founder of the investment fund Abraham Trust, had not paid $ 19 million in advance as of March 24.