This Triangle Shaped Building In New York Has Just 36 Homes. The Priciest One Costs Rs 565 Crore

Last Updated:July 26, 2026, 1:03 PM IST

New York’s iconic Flatiron Building has reopened after a seven-year restoration as an ultra-luxury residence, with apartments priced from $11 million to $58.5 million.

The century-old Flatiron Building is entering a new chapter as a luxury condominium, with 36 residences and premium amenities set to be completed by early 2027.

For more than 120 years, New York City’s iconic Flatiron Building has stood out with its unmistakable triangular shape, ornate Beaux-Arts façade and wedge-like design at the intersection of Broadway and Fifth Avenue. Hidden behind scaffolding for the past seven years, the historic landmark is now preparing for a dramatic comeback this time as one of Manhattan’s most luxurious residential buildings.

The once-bustling office tower has been transformed into an ultra-luxury condominium, where apartments are priced between $11 million and $58.5 million. According to data compiled by Manhattan Miami Real Estate, only 21 homes currently on the public market or under contract in New York City are priced higher, with the most expensive being a $128 million condominium overlooking Central Park.

A New Chapter for a New York Icon

Completed in 1902, the Flatiron Building was among New York City’s earliest skyscrapers and became an instant architectural landmark because of its unusual triangular footprint.

Designed by renowned architect Daniel Burnham, the building occupies a narrow wedge-shaped plot where Broadway meets Fifth Avenue. At the time of its construction, many New Yorkers believed its slender structure would not withstand strong winds, earning it the nickname “Burnham’s Folly.” Those fears, however, never materialised, and the building went on to become one of the city’s most photographed landmarks.

Originally built as the headquarters of the Fuller Company, a Chicago-based construction firm, the 24-storey, 94-metre (307-foot) building later housed publishing companies, clothing businesses, magazines and toy firms. Despite its varied tenants, it served exclusively as office space throughout its history until now.

From Empty Offices to Multi-Million-Dollar Homes

The building’s final office occupant, Macmillan Publishing, vacated the property in 2019, after which the landmark remained empty amid years of ownership disputes.

Its current owners the Brodsky Organization, GFP Real Estate and the Sorgente Group announced plans in 2023 to convert the building into high-end residences.

Once completed, the Flatiron Building will feature 36 open-concept homes, including both half-floor and full-floor residences. Prices begin at $11 million for three-bedroom apartments and rise to $58.5 million for a full-floor, five-bedroom residence featuring a private balcony. That top-priced apartment is already under contract.

Residents will also have access to luxury amenities, including a 60-foot swimming pool, wellness centre, billiards room and piano lounge. According to the owners, people are expected to begin moving in over the coming months, while all apartments and amenities are scheduled for completion in early 2027.

Designing Luxury Without Erasing History

Transforming a narrow triangular office building into luxury residences presented a unique architectural challenge.

Rather than altering what made the Flatiron Building famous, designers from Studio Sofield chose to embrace its original character. According to the developers, apartment layouts were shaped by the building’s historic architecture instead of conventional residential planning.

The iconic triangular floor plans remain intact, with the narrowest point inside some apartments measuring about 1.8 metres (6 feet) across. Exposed steel beams once hidden inside the structure have been incorporated into the interiors as design features, even serving as shelving in some walk-in closets.

The renovation also included replacing more than 1,000 windows, which dated back to the 1970s. The new windows are designed to reduce the noise of busy Manhattan streets while improving energy efficiency.

Hidden Treasures Discovered During Restoration

The multi-year restoration uncovered several pieces of the building’s forgotten past.

During demolition work, crews discovered a long-hidden balcony at the building’s famous triangular tip on the 20th floor. Identical to an existing balcony one floor above, it has now been fully restored and overlooks Madison Square Park and Broadway.

Workers also uncovered fragments of an original wooden revolving door from the 1910s. Although too damaged to preserve, it has been carefully recreated.

Other historic elements have also found new life inside the building. Steel balustrades from an old staircase now support bathroom vanities, while mosaic apartment numbers recreate the originals. Artefacts recovered from the basement including old restaurant menus, tools, advertisements, shoes, lighting fixtures, shirts, buckets and even a piano will be displayed in glass cases inside the lobby.

A historic streetlamp that once stood outside the building has also inspired a chandelier for the residential lobby, while decorative features from the building’s former restaurants have been incorporated into the new interiors.

The Flatiron Returns to the Skyline

For years, scaffolding concealed one of New York City’s most recognisable landmarks, disappointing visitors who traditionally gathered nearby to photograph the building.

According to James Mettham, president of the Flatiron NoMad Partnership, tourists have begun returning as the scaffolding comes down, bringing renewed activity to surrounding shops and restaurants.

The restoration of the building’s Beaux-Arts façade involved recreating and reinstalling thousands of terra-cotta pieces by hand, while new exterior lighting will illuminate the landmark for the first time in its history once work is complete.

With its famous exterior restored and luxury residences nearing completion, the Flatiron Building is entering a new era one that preserves its architectural legacy while transforming it into one of Manhattan’s most exclusive residential addresses.

Netizens React to the $58.5 Million Price Tag

The eye-watering price of the Flatiron’s most expensive residence has also sparked discussion on social media.

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

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

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