New York’s historic Flatiron Building has a new owner.
Jacob Garlick emerged as the owner with a bid of $190 million during an auction held Wednesday outside the state’s Supreme Court in Lower Manhattan.
The auction was ordered by a Supreme Court judge after the previous owners, led by a consortium of real estate companies, couldn’t agree about renovations and future tenants for the trophy property.
There was speculation that one member of the former ownership group might buy out its partners, but Garlick wasn’t part of the previous team. He’s the founding partner and managing partner of Abraham Trust, a growth equity venture
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