Flatiron Condos Hit Market, Prices Start Near $11m
Flatiron Building Condos for Sale Now (Current Listings)
Currently, only two four-bedroom residences at 175 Fifth Avenue are publicly listed.
This underscores a constrained and tightening availability profile.
Public Listings Tighten
Corcoran Sunshine Marketing Group is advertising Unit 11 South at $16 million.
Unit 6 North is listed at $18.9 million.
Both listings tie to the landmark’s office-to-condo conversion.
The restoration scope includes replacing all 1,000 windows across the building.
The project is led by The Brodsky Organization and The Sorgente Group.
These are the only four-bedroom units currently visible.
Reports suggest additional residences are already in contract without public marketing.
Neighborhood comparisons indicate Flatiron supply is lower than Midtown and Downtown pipelines.
Sales Context and Buyer Signals
Three-bedroom residences are positioned from about $10.95 million.
Reported contracts include a $19.5 million four-bedroom and an $11 million three-bedroom.
Buyer demographics appear skewed toward high-net-worth households.
Many are seeking scarce inventory in a landmark address.
The building is also slated for its first permanent illumination in 123 years, underscoring a broader modernization push alongside the conversion.
Flatiron Building Condo Prices and What You Get
How high pricing runs at 175 Fifth Avenue is now clear, with initial residences starting near $11 million and topping out far higher. It also marks the first residential opportunity inside the 1902 Flatiron Building in 124 years. Like many early skyscrapers, the building reflects Chicago school design ideals of functionality and restrained ornamentation.
Price bands signal disruption
Early listings include Unit 11 South at $16 million and Unit 6 North at $18.9 million.
Units in contract include a $19.5 million four bedroom and an $11 million three bedroom.
Projected sellout for 38 condominiums is about $375 million, shaping the overall Investment outlook.
What buyers get for the money
Space scales from Unit 11 South at 3,828 square feet to five bedroom homes near 7,400 square feet on the 20th and 21st floors.
Conversion of the 1902 landmark from offices is expected to complete by fall 2026, a factor in risk and tax implications.
Flatiron Building Condo Layouts, Views, and Finishes
Geometry-driven floor plans inside 175 Fifth Avenue create a rare blend of tapered layouts, long sightlines, and tightly controlled finishes.
Studio Sofield uses thin floor plates to fit 38 residences, ranging from 3,117 to 7,400 square feet.
Layout disruption
Angled circulation
Rooms track window bays along the exterior walls.
Top great rooms can stretch nearly 77 feet.
Bathrooms place rounded windows at corners.
Views and finishes under scrutiny
Light and material control
Arched openings shift from the Fifth Avenue canyon to Madison Square, aiding daylight penetration through deep reveals.
Historic detailing appears in railings, ironwork, and marble mosaics.
The historic detailing also echoes Greek Revival traditions that shaped New York’s 19th-century residential architecture.
White oak parquet, marble kitchen tops, and exposed steel continue the material palette.
- South tip curvature widens living areas.
- Amenity spaces deliver skyline views.
- Upper floors below the cornice glow at night.
Flatiron Building Restoration: Timeline to 2026 Completion
Inside the Flatiron’s newly engineered condo layouts, the finish discipline is being set by a $161.5 million restoration racing toward 2026 occupancy.
Funding from Brodsky, Jeffrey Gural of GFP Real Estate, and Italy’s Sorgente Group ends uncertainty after the botched 2023 auction. Like Middletown’s use of Historic Tax Credits, the project underscores how structured incentives and capital partnerships can keep landmark restorations moving toward completion.
Schedule Pressure: 2026 Target
Window replacement and soot removal are underway, with over 1,000 openings being reset.
Landmarks approvals cover exterior lighting.
L’Observatoire International’s LEDs are expected later in 2025.
Street-Level Envelope: Disruption
scaffolding removal and masonry repairs
After nearly six years, scaffolding removal is advancing as crews complete masonry repairs to limestone, brick, and terra cotta.
Thousands of terra cotta units and limestone bands are being repaired or replaced.
The goal is to stabilize the lower façade ahead of 2026 move-ins.
Flatiron Building Condo Amenities and How to Buy (Launch, Tours)
As the Flatiron Building shifts from restoration logistics to buyer access, Corcoran Sunshine Marketing Group has begun the public sales rollout with tours and the first two four-bedroom listings. Recent \$42 million sale on San Francisco’s Billionaires Row signals continued demand for trophy real estate at the top end of the market.
Tour scheduling introduces the offering plan for 38 condos.
Buyer Access Meets Amenity Risk
Public inventory starts with Unit 11 South at $16M, a 4 bed, 4 bath.
Unit 6 North lists at $18.9M with 4 beds and 4.5 baths, following off-market sales.
The first 18 units begin near $11M.
A three-bedroom at $11M is already in contract.
Completion is expected in fall 2026.
Wellness access includes a pool and wellness center.
Additional amenities include:
- piano lounge
- billiards center
- sports simulator
Homes feature white oak parquet flooring, arched windows, and exposed steel.
William Sofield designs the amenities.
Assessment
Flatiron’s condominium debut places one of Manhattan’s most recognized addresses into an already tight luxury market.
Early pricing near $11 million sets a high bar as buyers weigh scarcity against renovation risk and construction timelines.
The building’s ongoing restoration adds uncertainty around delivery and access, even as marketing highlights new layouts, views, and finishes.
As listings circulate, price discovery will hinge on verified completion milestones and the depth of demand for trophy-grade inventory in 2026.
https://www.unitedstatesrealestateinvestor.com/flatiron-condos-hit-market-prices-start-near-11m/?fsp_sid=30706
Comments
Post a Comment