Flat worth Rs 500 crore in 120 year old building! Know what is the reason for such an expensive price

New York flat: The prices of luxury real estate are continuously making new records all over the world, but these days a flat in New York is in the news the most. The reason for this is its price, which is said to be around Rs 500 crore ($58.5 million). This ultra-luxury apartment has been built in the historic Flatiron Building of New York. This iconic building, which is more than 120 years old, was used as an office for years, but has now been converted into one of the most luxurious residential projects in the world. Its price and facilities have become a topic of discussion from social media to real estate world.

Flat worth Rs 500 crore caught the world’s attention

It is common to talk about luxury flats worth Rs 1 or 2 crore, but a flat worth around Rs 500 crore is surprising people. This flat is available for sale not in India, but in the historic Flatiron Building located in New York City, America. The price of this ultra-luxury apartment has been kept at 58.5 million dollars, which is equivalent to approximately Rs 500 crore in Indian currency. Due to such a huge price, this property is making headlines all over the world.

120 year old building converted into luxury residence

The Flatiron Building is counted among the most recognizable buildings of New York. Its triangular design makes it one of the most unique buildings in the world. This building, completed in 1902, is considered an excellent example of engineering and architecture of that era. Built with steel-frame technology, it was among the early skyscrapers of New York. For years, commercial offices operated here, but now it has been completely converted into a luxury residential project.

Renovation lasted for seven years

Large scale renovation work was going on in this historical building for the last seven years. After being closed to the common people for a long time, it has once again emerged in a new form. After the completion of the renovation, it has been converted into an ultra-luxury residential tower, where some of the most expensive apartments in the world have been built.

How many apartments will there be and what will be the price?

A total of 36 open-concept apartments are being built throughout the Flatiron building. Some of these will be built on half the floor and some on the entire floor. Prices range from a three-bedroom apartment priced at $11 million to a full-floor five-bedroom apartment priced at $58.5 million. The most expensive apartments have many special facilities including private balconies.

Luxury facilities from swimming pool to piano lounge

Many world-class facilities have been prepared for the residents of the building. These include-

• 60 feet long indoor swimming pool
• Wellness Center
• billiards room
• Piano Lounge
• Modern Common Area
• High-end residential facilities

Due to these facilities, this project has become one of the most premium residential projects in New York.

Location is the biggest reason for the price

According to real estate experts, the biggest reason for the high price of these flats is their location. The Flatiron Building is located in one of New York’s most prestigious neighborhoods and has been a major tourist attraction in the city for years. Historical significance, prestigious identity and limited number of apartments available further increase its value.

Debate broke out on social media

After such a huge price being revealed, different reactions of people are being seen on social media. Many people are raising questions that how can a flat cost Rs 500 crore, while some people believe that this type of property is made only for the selected billionaires of the world. After the renovation, new residents will start coming to this building. According to people associated with the project, all the apartments and facilities will be completely ready by the beginning of 2027.

Among the most expensive properties of New York

According to the report, there are only 21 properties more expensive than this among the properties publicly available for sale in New York City. From this it can be estimated that these apartments of Flatiron Building are counted among the most exclusive and expensive residences in the world.

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