Would you pay ₹565 million to live in New York's iconic Flatiron Building after 7 years of transformation?

New York’s iconic Flatiron Building has entered a new chapter after being transformed from office space to ultra-luxury residences following an extensive renovation. The renovated landmark now offers luxury condos, reportedly priced up to $58.5 million, approximately ₹565 million.

Known for its distinctive triangular design, narrow bow, ornate columns, and elaborate architectural details, the Flatiron Building has remained one of New York’s most famous landmarks for more than a century and continues to attract visitors from around the world.

The property has been under renovation for the past seven years and has now reopened as an exclusive residential project.

36 luxury residences with high-end amenities

According to a BBC report, the redevelopment includes 36 open-plan apartments that include both semi-detached and full-floor residences. Prices reportedly start at $11 million for a three-bedroom condo and go up to $58.5 million for a five-bedroom, full-floor residence with a private balcony.

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Residents will also have access to a number of premium amenities, including a 60-foot swimming pool, wellness center, billiards room and piano lounge, along with other communal amenities located in the basement and common areas.

Social networks respond to attractive prices

The price of the apartments quickly attracted attention online, with many users expressing surprise at the cost of owning a home in a historic building.

One user wrote: “New York’s iconic Flatiron Building is officially for sale. After a near-complete renovation, the historic landmark is listed at $58.5 million.”

Another commented: “Would you pay $58.5 million to live in this iconic New York building? With renovations nearly complete, the Flatiron is ready for its next — and most extravagant — phase of life.”

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A third user added: “You’ll pay $58.5 million to live in this iconic New York building.

It is among the most expensive houses in New York

Citing data from Manhattan Miami Real Estate, the BBC reported that only 21 residential properties in New York are being offered at prices higher than the most expensive flat in the Flatiron Building. The city’s most expensive listing is a $128 million condominium overlooking Central Park.

A landmark with more than a century of history

The Flatiron Building was completed in 1902 and was among the oldest skyscrapers in New York. Architect Daniel Burnham designed the structure to fit the wedge-shaped site where Broadway meets Fifth Avenue.

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Due to its unusual height and narrow profile, the building was initially nicknamed ‘Burnham’s Folly’ as some feared that high winds might cause it to collapse.

Originally built as the headquarters of the Chicago construction firm Fuller Company, the building later housed a variety of businesses, including toy manufacturers, clothing companies, magazines, and publishing companies. Despite changing residents, it remained an office building throughout its history.

Macmillan Publishing, one of its last office tenants, left the property in 2019. The current owners — Brodsky Organization, GFP Real Estate and Sorgente Group — have announced plans to convert the landmark into luxury apartments before renovations begin in 2023.