NOS News•
In New York, the iconic ‘Flat Iron Building’, or ‘iron building’, has been auctioned for an amount of 190 million dollars (about 174 million euros). Jacob Garlick managed to acquire the property with his investment company and was overjoyed with his purchase. “I’ve dreamed of this since I was 14 years old,” he told afterwards New Yorkse media.
The purchase did not go without a hitch. At the auction, Garlick competed against ten other bidders, who tried to outbid each other with $500,000 at a time. They pushed the starting bid of $ 40 million to the final $ 190 million, with which Garlick emerged as the winner.
Place of interest
The iron building in New York is a famous landmark because of its distinctive shape: very narrow at the front and wider at the back, much like an iron.
At 87 meters high and a whopping 22 stories, the Flat Iron Building was one of the tallest skyscrapers in the city when it was completed in 1902. Today, New York’s tallest building is One World Trade Center, with 104 floors and a height of 541 meters.
Disagreement between owners
According to local media, the property had to be auctioned because of a disagreement between the previous owners. Until 2019, all floors of the building were rented by a publisher, but after that the building was empty. The five real estate investors who owned the Flat Iron Building could not agree on the future of the building. In the end, a judge ruled that the iron building should be auctioned.
