“Famous Flatiron Skyscraper Up for Auction Again After Failed Payment”

New York, May 13. The Flatiron, one of New York’s most iconic skyscrapers, is going up for auction for the second time in two months, after its buyer failed to provide the required amount, after committing to pay $190 million for the Manhattan building.

The 121-year-old triangle-shaped building will be auctioned on May 23.

In the first auction on March 23, Jacob Garlick, founding partner of the Abraham Trust, a fund specializing in different investment operations, won the purchase of the Flatiron.

However, he had to deposit 10% of the amount in cash as a guarantee of payment, which he did not do, so his ownership was cancelled.

The Flatiron, built in 1902 and at the confluence between Broadway and Fifth Avenue, has been empty since 2019 when its last tenant left.

Those interested in the old building will have to demonstrate, prior to the auction, that they have the money to back their offer, says channel 4 of the NBC network.

The auction will require them to have a check for $100,000 ready to deliver, the channel adds. EFE

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