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.
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