Flatiron Building Scores Manhattan’s Top Contract at $18M

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A condo at the much-anticipated Flatiron Building conversion snagged the priciest deal inked in Manhattan last week.

Unit 8-North at 175 Fifth Avenue, which last asked $17.6 million, was one of 36 homes in the borough asking $4 million or more to find buyers between May 4 and May 10, according to Olshan Realty’s weekly report. The total was up from 29 properties in the previous period.

The 3,900-square-foot apartment will have four bedrooms and four bathrooms. It will also feature views of Madison Square Park, ceilings over 10 feet and an open kitchen.

Planned amenities in the 22-story building, developed by the Brodsky Organization and Sorgente Group, include a fitness center, lap pool, sauna, cold plunge and residents’ lounge.

A team with Corcoran Sunshine Development Marketing, led by Angeli DeCeccis and Michele Hinojos, is heading sales at the development, which quietly began shopping its 38 units in the fall.

So far, the most expensive home in the building to snag a signed contract was a full-floor condo asking nearly $59 million. Unit 21, which found a buyer last month, spans 7,400 square feet and has five bedrooms, five bathrooms and a small terrace.

Days before, another unit at the conversion nabbed an inked deal with an asking price of $30.5 million. The apartment was initially planned as two separate units, but the developer will now combine the two seventh-floor condos into a single home spanning 7,700 square feet and seven bedrooms.

The second most expensive property to find a buyer was a co-op at 993 Fifth Avenue, which had an asking price of $15.3 million. The apartment first hit the market in 2024 with an asking price of $19.3 million.

The fourth-floor co-op spans roughly 5,000 square feet and has six bedrooms and six bathrooms. It also features views of the Metropolitan Museum of Art. The landmarked building, designed by Emery Roth, has a gym and 24-hour doormen.

Compass’ Melissa Ryan Kaiser and Cindy Miao had the listing.

Of the 36 properties to enter contract last week, 25 were condos, nine were co-ops, one was a condop and one was a townhouse.

The homes asked a combined $271 million, which works out to an average of $7.5 million and a median of $5.6 million. The typical home was on the market for a year and had a discount of 4 percent.