CONFIRMED90% CONFIDENCEHappened as dated, per the source[1]: "Jeffrey Gural won Tuesday's auction outside 60 Centre Street in Lower Manhattan with a bid for $161 million."
- Start
- May 23, 202390% CONFIDENCEfrom the source
GFP Real Estate Wins the Flatiron Building's Second Auction
After the top bidder in the Flatiron Building's court-ordered auction failed to pay, a second sale handed New York's cake-slice tower to majority owner GFP Real Estate for $161.5 million.
- On 23 May 2023 a group led by Jeffrey Gural, the long-time majority owners of the Flatiron Building at 175 Fifth Avenue, won the court-ordered second auction with a $161 million bid on the steps of the New York County courthouse[2][3]
- Bidding started at $50 million and five other bidders fell short[3]
- The March auction ended in chaos when Jacob Garlick bid $190 million but lacked the 10% deposit, and the Gural group is pursuing him for the $19 million deposit[2][3]
- The auction resolved a lawsuit among the majority owners and Nathan Silverstein, who owns the remaining 25%; a judge ordered it early in 2023[2][3]
- The building has been empty since MacMillan left in 2019; Gural wants half or all residential, needing a special city permit, with renovation costs of around $100 million[2][3]
Cost $161.5M
References 390% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%youtube.com/watch?v=OPUlqYN4Z-kyoutube.com· Posted Sep 15, 2026· Starts May 23, 2023 ✓· 98% of score
Happened as dated, per the source: "Jeffrey Gural won Tuesday's auction outside 60 Centre Street in Lower Manhattan with a bid for $161 million."
- [2]80%Flatiron building sells at auction for $161 million - NY1ny1.com· Published May 24, 2023· 1% of score
- [3]85%Gural Wins Auction for Flatiron Building on Second Try - The Real Dealtherealdeal.com· Published May 23, 2023· 1% of score
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