January 16, 2020
The Tri-State Investment Sales Group for Avison Young is marketing the sale of two adjacent residential buildings at 103 and 105 MacDougal St. in Greenwich Village.
The two residential buildings encompass approximately 38,868 total square feet across 72 apartments, of which 71% are free market. There’s also a ground-floor restaurant space that can potentially be divided into separate units.
An Avison Young team of James Nelson, Mitchell Levine, Brandon Polokoff, Gabrielle Simon, David Shalom and Alexandra Marolda has been engaged by the landlord to market the offering. The properties have been under long-term ownership for more than 35 years.
“This kind of unique value-add investment with immediate upside in Manhattan’s Greenwich Village neighborhood is a rare find, “said Nelson. “With MacDougal Street being one of the most famous streets in the heart of the village, we believe we’ll see substantial interest as we begin our marketing campaign.”
For comments, questions or concerns, please contact Paul Bubny