Brodsky lands $357M construction loan for Flatiron Building conversion
Briefly

Brodsky Organization is set to convert the iconic Flatiron Building into 60 residential condos with the support of a $357 million construction loan from Tyko Capital.
This conversion marks a significant step in the restoration of the Flatiron Building, highlighting Brodsky's commitment to preserving this landmark while adapting it for modern use.
Brodsky's past investment in the Flatiron Building, purchasing a 25 percent stake for $40 million, reflects a strategic move amid previous ownership disputes.
Tyko Capital's recent involvement in financing major real estate projects signals its influential role in supporting ambitious developments across New York City.
Read at therealdeal.com
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