The date has been set for an auction of Manhattan's iconic Flatiron Building. The Fifth Avenue landmark will go under the gavel on March 22, based on an order from a New York state judge to settle a long-simmering dispute between the owners.
Sorgente Group, GFP Real Estate and ABS Real Estate Partners—who together own 75% of the famous, 22-story triangular building that occupies the spot where Fifth Avenue and Broadway intersect on 23rd Street—sued in 2021 seeking a partition sale.
The majority partners are seeking the real estate equivalent of a divorce from the owner of the remaining 25% of the Flatiron Building, Nathan Silverstein.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
