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 42,368 square foot mixed-use building comprises two block-through residential structures with 67 residential units and one ground floor retail unit that recently underwent extensive renovations. David E. Ash from Walker & Dunlop represented the buyer during this transaction.
This acquisition marks The Flag’s latest investment into New York City’s real estate market as they continue to expand their portfolio of properties across the city and beyond its borders.