Flatiron Building Sold At Second Auction For $161M

The Flatiron Building, one of New York City’s most iconic skyscrapers, has once again sold at auction — for nearly $30M less than the winning bid at a failed auction in March.

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GFP’s Jeff Gural bids outside the New York County Courthouse at the Tuesday afternoon auction for the Flatiron Building.

The auction appears to bring years of drama — and months of heightened tensions among co-owners and would-be buyers — to a close. Jeff Gural, chairman of GFP Real Estate, placed a winning bid of $161M for the building at the corner of Fifth Avenue and Broadway in Lower Manhattan.