Why Manhattan’s Flatiron Building is suddenly one of its hottest luxury addresses
New York's historic Flatiron Building is being converted into luxury residential apartments, with the majority of units already under contract. The project has seen high demand despite the building's century-old commercial history.
Why it matters
The successful conversion of a landmark office building into luxury housing reflects shifting real estate trends in major urban centers post-pandemic.
New York’s iconic Flatiron Building is emerging as one of Manhattan’s hottest luxury residential addresses, with most of the apartments publicly listed for sale already under contract as the landmark prepares to welcome residents this autumn.Of the 22 residences publicly listed on StreetEasy at 175 Fifth Avenue, only four remain unsold, meaning around 82% of the publicly marketed units have been absorbed, according to the New York Post.The pace is notable because the century-old landmark is still completing its conversion from offices into luxury residences.
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