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.
“Exploring the Impact of Affordability, Politics, and Wildfires on Housing: A Discussion with Ivy Zelman of Zelman & Associates on Walker Webcast”
Recent events such as the ongoing California wildfires, freezing weather in the south, and President Donald Trump’s inauguration have dominated
Steve Griffin
January 22, 2025
