Flag Luxury Group

Flag Luxury Group NYC portfolio

$291.8 million* – H1 91.0%, hotel 8.0%; Manhattan 99.0%, Bronx 0.0%

541th largest portfolio by dollar value

544,668 sqft – H1 50%, hotel 50%;

562th largest by SF

2 properties – Manhattan 100%, Bronx 0%

2954th largest

Company Activity past 24 months:

Seller company: 1 for $4.4 million

Top Ten Associated Companies:

Andrew Potash (1), EB5 Capital (1), Bank OZK (1)

Top Ten Associated People:

Cary Chan (1), Andrew Potash (1), Stephen Allen (1), Clifton Hill (1)

Recent activity as company:

Flag Luxury Group sold 35 West 28th Street, NoMad, Manhattan for $4.4 million to EB5 Capital on June 15, 2023.

Flag Luxury Group sold 35 West 28th Street, NoMad, Manhattan for $6.3 million to Andrew Potash on January 05, 2023.

Flag Luxury Group sold 35 West 28th Street, NoMad, Manhattan for $6.4 million to company on January 04, 2023.

Flag Luxury Group borrowed $200 million from Bank OZK for 29 West 28th Street and 1185 Broadway, NoMad, Manhattan on February 09, 2022.

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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