The Guy Who Bid $190 Million For The Flatiron Building Didn’t Show Up With The Money

The winning bidder was Jacob Garlick, a relatively unknown in real estate circles and apparently a managing partner at Abraham Trust, a venture capital firm. The court-appointed referee for the sale, Peter Axelrod, ruled Jacob out as a buyer following his missed $19 million down payment. Now the fate of the historic building is back in the hands of potential buyers