The Flatiron Building, which has long been a celebrated landmark to visit — and photograph — in Manhattan, is going residential.
Plans have officially been filed to transform the 200,000-plus-square-foot property, which faces Madison Square Park, from outdated offices into 60 high-end condominium units.
There have been rumors about the steel-framed tower, which now is shrouded in scaffolding, going residential since 2023.
A private application for the conversion of 175 Fifth Ave., filed by developers the Brodsky Organization, GFP Real Estate and the Sorgente Group, was made public Monday, according to Department of City Planning records.
The Commercial Observer first reported the news. The outlet added the Flatiron Building, most recently, had been home to the British book publisher Macmillan, which left in 2019. It had long been mainly vacant.
Brodsky purchased a stake in the property following the 122-year-old building’s wild court-ordered auction drama in 2023, during which time a mysterious 31-year-old man named Jacob Garlick placed a winning $190 million bid — and then failed to pay up. Brodsky CEO Daniel Brodsky previously stated that the triangular address is “well-suited for residences,” according to the publication.
None of the developers immediately responded to The Post’s requests for comment.
In order to move forward, the application will need to undergo an extensive review process, and of course construction. But the developers aim to have the city’s approval before the year is out — and residents moving in by the end of 2026, according to the outlet. For now, many details regarding the units and other amenity offerings — and what they will look like — are unclear.
The building’s “unique floor plates” will allow units to be more generously sized than other converted office apartments. While the application does not specify anticipated apartment sizes, it does note that the 21-story structure could potentially fit around 100 on average 1,998-square-foot units.
All 60 condos will be sold at market rate, and the ground floor’s currently vacant shop space will be reduced from 6,500 square feet to 4,807, the application further adds.
The facade is also slated for some much more slight changes, including the replacement of the building’s windows and some limited exterior work, all of which the Landmarks Preservation Commission already approved earlier this year.
The Flatiron is among many city office buildings that are in the process of converting to residential units amid a decimated office market and an ongoing housing shortage.