Greenwich Village Mixed-Use Building Sold for $49M to The Flag

The Flag, a real estate development company based in NYC, has acquired a 68-unit property in Greenwich Village for $49 million. Located at 103-105 MacDougal Street, the mixed-use building boasts 42,368 square feet and comprises two block-through residential structures with 67 residential units and a ground floor retail unit that recently underwent extensive renovations. David E. Ash from Walker & Dunlop represented the buyer during this transaction.
This acquisition marks yet another milestone for The Flag as they continue to expand their portfolio of properties across New York City’s boroughs. With its prime location within one of Manhattan’s most sought after neighborhoods and recent upgrades to both interior and exterior features alike – this purchase is sure to prove beneficial for all involved parties now and into the future.