The auction winner — a man posing as Jacob Garlick who won the auction with a $190 million bid after about an hour of bidding — had an initial $19 million deposit. The organizers of the auction informed the German news agency on Wednesday that the dollar was not handed over on time. This means that his right to buy the Flatiron Building expires.
Now the bidder with the second highest bid – $189.5 million – gets to buy the building at this price. If it is rejected, there will be a new auction. The first auction was ordered by a judge after a dispute broke out between the five previous owners over the building’s future. The real estate companies GFP Real Estate, Newmark, ABS Real Estate Partners and Sorgente Group jointly owned 75 percent of the building, while real estate developer Nathan Silverstein owned the other 25.
The triangular Flatiron Building is one of New York’s most popular attractions. The approximately 90 meter high building, which has also appeared in numerous films and television series, was opened in 1902 – at the intersection of Broadway, 23rd Street and Fifth Avenue in the middle of Manhattan. Until a few years ago, Macmillan Publishers rented all 21 floors of the building, and it’s been empty since they moved. (sda/dpa)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
