- 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.