Flatiron Building in Manhattan, NY
The Flatiron Building has been used as both a retail and office space throughout its 120-year history, and it achieved national landmark status in 1989.
  • The historic Flatiron Building went to a court-mandated auction on Wednesday after being practically empty for years.
  • Investor Jacob Garlick outbid previous owners to buy the landmark for $190 million, reports say.
  • One previous owner predicts renovations will cost Garlick around $100 million.

The Flatiron Building is one of New York City's most recognizable structures, and it now has a new owner after a public auction on Wednesday.