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Brodsky bought a stake in the project later that year. </p><div data-testid="test-div-id-for-mid-3" class="AdUnit_wrapper__KU1XL AdUnit_sticky__Zzb6U AdUnit_placeholder___LXuz AdUnit_center__H9fGR" style="min-height:400px"><div id="div-id-for-mid-3" class="AdUnit_container__bv5Vb"></div></div><p>News of the project’s pricing comes as the city’s new development market is headed for an <a href="/new-york/2025/09/29/nycs-looming-new-development-inventory-crisis/">inventory drought</a>. Few new buildings are slated to hit the market this year, as developers struggle to land financing while loan and land costs continue to rise. </p><section class="ReadMoreSection_root"> <h4 class="ReadMoreSection_title">Read more</h4> <a class="BlogrollPost" href="/new-york/2025/06/26/flatiron-building-conversion-takes-shape/"> <article class="BlogrollPost_container"> <figure class="BlogrollPost_image FeaturedImage"> <img decoding="async" width="200" height="142" src="/cats-d8c4vu/static.therealdeal.com/wp-content/uploads/2025/06/Flatiron-Building-Conversion-Takes-Shape-ft-1-200x142.jpg" class="FeaturedImage_image wp-post-image" alt="Flatiron Building Conversion Takes Shape" loading="lazy"/> </figure> <div class="BlogrollPost_content"> <div class="BlogrollPost_heading"> <div class="MarketSectorLabel_categoryCityLabelWrapper"> <div class="MarketSectorLabel_sectorLabel"> Residential </div> <div class="MarketSectorLabel_marketLabel"> New York </div> </div> </div> <div class="BlogrollPost_title">Here’s what we know about the Flatiron Building conversion</div> </div> </article> </a> <a class="BlogrollPost" href="/new-york/2025/09/29/nycs-looming-new-development-inventory-crisis/"> <article class="BlogrollPost_container"> <figure class="BlogrollPost_image FeaturedImage"> <img decoding="async" width="200" height="133" src="/cats-d8c4vu/static.therealdeal.com/wp-content/uploads/2025/09/NY_New-Dev-Pipeline-200x133.jpg" class="FeaturedImage_image wp-post-image" alt="" loading="lazy"/> </figure> <div class="BlogrollPost_content"> <div class="BlogrollPost_heading"> <div class="MarketSectorLabel_categoryCityLabelWrapper"> <div class="MarketSectorLabel_sectorLabel"> Development </div> <div class="MarketSectorLabel_marketLabel"> New York </div> </div> </div> <div class="BlogrollPost_title">New York new development has a looming inventory crisis</div> </div> </article> </a> <a class="BlogrollPost" href="/new-york/2023/05/24/get-ready-for-the-fking-lawsuits-flatiron-auction-sparks-joy-rage/"> <article class="BlogrollPost_container"> <figure class="BlogrollPost_image FeaturedImage"> <img decoding="async" width="150" height="106" src="/cats-d8c4vu/static.therealdeal.com/wp-content/uploads/2023/05/flatiron-folo-f.jpg" class="FeaturedImage_image wp-post-image" alt="Photo illustration of the second auction for the Flatiron Building" loading="lazy"/> </figure> <div class="BlogrollPost_content"> <div class="BlogrollPost_heading"> <div class="MarketSectorLabel_categoryCityLabelWrapper"> <div class="MarketSectorLabel_sectorLabel"> Commercial </div> <div class="MarketSectorLabel_marketLabel"> New York </div> </div> </div> <div class="BlogrollPost_title">“Get ready for the f**king lawsuits”: Flatiron auction sparks joy, rage</div> </div> </article> </a> </section></article><div id="piano-article-inline-container"></div><section class="ArticleMeta_root__RIXB_ ArticleContent_tags__RA5B7"><h5 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