Jeffrey Gural buys the Flatiron Building for $161.5 million at its second auction

Manhattan’s iconic Flatiron Building sold for $161.5 at an auction on the steps of the New York County Courthouse yesterday. Jeffrey Gural, Chairman of GFP Real Estate, which owns 60 properties across the city, made the winning bid. GFP, alongside Sorgente Group and ABS Partners, owned 75 percent of the building prior to the auction, and nearly won the property’s first auction two months ago.

As AN previously reported, the building went to auction following a State Supreme Court judge’s order due to the ownership consortium’s inability to come to an agreement on the building’s much needed renovations, and future tenants. Jacob Garlick, managing

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