The iconic Flatiron Building in New York City is entering a new chapter as it transforms from a historic office landmark into one of the city’s most exclusive luxury residential addresses.

Known for its distinctive triangular design, narrow pointed shape, Beaux-Arts architecture, and detailed exterior decorations, the building has been one of New York’s most recognizable landmarks for more than 120 years.

For the past seven years, the Flatiron Building has been covered in scaffolding while undergoing extensive renovations. The project aims to convert the former office space into ultra-luxury apartments while preserving the building’s historic character.

Some new residences are expected to sell for as much as $58.5 million, placing them among the most expensive homes currently available in New York City.

According to real estate data, only a small number of Manhattan properties currently have higher asking prices, including a luxury condominium near Central Park listed at $128 million.

The redevelopment highlights both the architectural importance of the Flatiron Building and the growing demand for high-end residential properties in New York.

While the renovation celebrates the building’s historic legacy, it also reflects the rising prices of luxury real estate in one of the world’s most expensive housing markets.

After more than a century as an architectural symbol, the Flatiron Building is preparing for a new identity — not just as a landmark to admire, but as one of the city’s most exclusive places to live.