A fight that began over the cost of a renovation to make sure that one of Manhattan's iconic buildings was not remembered as a death trap—and instead could be passed down as a family legacy—was settled on the steps of the old County Court House on Tuesday.
The second time was the charm for Jeff Gural and his partners at a rerun of the public auction of the Flatiron Building, a court-ordered partition sale to settle a dispute between Gural and Nathan Silverstein, who owned 25% of the wedged-shaped landmark at the intersection of Fifth and Broadway.
This time, Gural outlasted four other bidders and took the prize at $161M, far less than the $190M Jacob Garlick bid at the first auction in March—before Garlick defaulted and took a powder without leaving a $19M deposit.
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