![]() Originally dubbed the Fuller Building, the 22-story tower at 175 Fifth Avenue has come to define the Flatiron District in Manhattan that it calls home. “There’s probably enough commercial tenants that would want an office there, but residential is easier.” “I know that there are enough residential tenants that would want an apartment in the Flatiron,” Gural told NY1. It’s better than offices? Photograph: Shutterstock To our chagrin, he told the outlet that he wants to turn either half or all of the building into apartments. ![]() Tuesday was the new auction event, where Jeffrey Gural won the bid at $161 million, according to NY1. It did, but the winner, Abraham Trust founding partner Jacob Garlick, who bid the $190 million, was unable to put a down payment on time and so it went back on auction. A recent judgment by the State Supreme Court said that it would need to go up for auction. Silverstein, for his part, sued the other partners on similar grounds, suggesting they did not try and get the space leased out properly, the Real Deal says. In March, the building went up for auction because it was owned by GFP Real Estate, Newmark, Sorgente Croup, ABS Real Estate Partners, according to The Real Deal. In 2021, the former group of partners sued Silverstein to secure a partition sale, citing the latter’s poor business decisions that, they claim, have kept the building vacant for a long time, according to the site. Remember when the Flatiron Building, NYC’s great triangle-shaped landmark, sold at auction for $190 million and we were all flabbergasted? Well, it just sold again for $161 million.
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