That's 220k sq ft, if converted into 115 condos of approximately 2000 sqft, taking into account 100m of renovations needed (mentioned by another comment) they would have to sell for 2.6m each to break even, probably more like 3-4m each. or more condos of smaller size... might work 🤷
dbenc t1_jddkkwj wrote
Reply to comment by msa1124 in Historic Flatiron Building sells for $190 million at auction by Orener
That's 220k sq ft, if converted into 115 condos of approximately 2000 sqft, taking into account 100m of renovations needed (mentioned by another comment) they would have to sell for 2.6m each to break even, probably more like 3-4m each. or more condos of smaller size... might work 🤷