Flag Luxury Group
70 E 55th Street 23rd Floor New York, NY 10022
Flag Luxury Group NYC portfolio
$724 million -condo 59%, H1 36%, hotel 3%; Manhattan 99%*
325th largest portfolio by dollar value
544,668 sqft – H1 50%, hotel 50%; Manhattan 100%
784th largest by SF
3 properties – Manhattan 100%
2658th largest
Company Activity past 24 months:
Borrower company: 1 for $325 million
Top Ten Associated Companies:
Andrew Potash (1), EB5 Capital (1), Deutsche Bank (1), Bank OZK (1)
Top Ten Associated People:
Andrew Potash (1), Stephen Allen (1), Cary Chan (1), James Angoff (1), Joshua Frank (1), Clifton Hill (1)
Recent activity as company:
• Flag Luxury Group borrowed $325 million from Deutsche Bank for 35 West 28th Street, NoMad, Manhattan on December 22, 2025.
• Flag Luxury Group sold 35 West 28th Street, NoMad, Manhattan for $4.4 million to EB5 Capital on June 08, 2023.
• Flag Luxury Group sold 35 West 28th Street, NoMad, Manhattan for $6.3 million to Andrew Potash on December 29, 2022.
• Flag Luxury Group sold 35 West 28th Street, NoMad, Manhattan for $6.4 million to The buyer on December 20, 2022.
• Flag Luxury Group borrowed $200 million from Bank OZK for None on December 31, 2021.
• Flag Luxury Group for Richard Murphy filed plans for new building for 226,649 sqft in NoMad, Manhattan, on January 20, 2016.
Latest Stories:
• Flag Luxury Group signs $325M refi loan with Deutsche Bank for hotel in NoMad (January 05, 2026)
Properties: