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May 24, 2023
After being put up for auction for the second time since March after the previous buyer failed to make the down payment, the Flatiron Building has sold for $161 million. During the auction hosted on the front steps of a Lower Manhattan courthouse Tuesday, a group led by Jeff Gural of GFP Real Estate, one of the landmarked building’s previous owners, placed the winning bid over four other contenders. After winning, Gural said he plans to convert the upper part of the building into residential units, while keeping office space below, according to Crain’s New York.
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