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Avison Team Closes on Greenwich Village Apartment Deal
Avison Young’s Tri-State Investment Sales Group arranged the sale of two seven-story residential properties with 72 apartments and one 5,000-square-foot retail unit at 103 and 105 MacDougal St. in Greenwich Village. The block-through properties sold for $22,250,000, or $572 per square foot.
An Avison Young team of James Nelson, Mitchell Levine, Brandon Polakoff, Alexandra Marolda and David Shalom represented the owner. This is the fifth transaction the team has closed since the beginning of the COVID-19 shutdown in March. Sean Lefkovits and David Lloyd of Davean Holdings were the buyers.
“These two properties represented a unique opportunity to acquire an exceptional asset in one of the city’s most exciting and sought-after downtown residential neighborhoods,” said Nelson. “The combination of a fantastic Greenwich Village location, vacant free market units with upside potential and additional add-on ground floor retail made this an appealing investment, even in this challenging market.”
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- ◦Sale/Acquisition
