Would you pay $58.5m to live in this iconic New York building?

Would you pay $58.5m to live in this iconic New York building?Image source, Courtesy of The Flatiron BuildingByGrace Eliza GoodwinReporting fromNew YorkPublished26 July 2026The Flatiron Building - with its unique triangular shape, narrow prow, ornamental columns and intricate decorative details - has been one of the most recognisable structures in New York City for more than a century.But for the last seven years, the Flatiron has been shrouded in scaffolding, its Beaux-Arts exterior hidden from throngs of tourists who came to view it.It has been undergoing a large-scale renovation, both internal and external, from an awkwardly laid-out office building into ultra-luxury apartments - with new units going for up to $58.5m (£43.9m). Only 21 residences currently on the public market or under contract in New York City are priced higher, with the top spot occupied by a $128m (£96.1m) condo off Central Park, according to data compiled by Manhattan Miami Real Estate.Now, with its transformation nearly complete, the Flatiron is ready for its next - and most extravagant - phase of life.For over 120 years, the building has been a testament to architectural ingenuity, and while that history is highlighted in its redevelopment, the building is also becoming a symbol of just how expensive the city's luxury apartments can get.Image source, Getty ImagesImage caption, The Flatiron Building, seen here in 2023, was covered in dark scaffolding for yearsA dramatic impact on the neighbourhoodThe Flatiron Building's renaissance harkens back to when it was originally built.Completed in 1902, the building was an architectural marvel with a pioneering steel-frame construction making it one of the city's first skyscrapers.Designed by architect Daniel Burnham to fit onto a wedge-shaped plot of land at the intersection of Broadway and Fifth Avenue, it was initially dubbed "Burnham's Folly" because locals feared that its height and thinness would cause it to blow ov...