Aloki Batra & Kabir Mulchandani Acquire Avant Gardner Venues In Brooklyn For $110M

The property asset involved in the transaction is a commercial venue located at 140 Stewart Avenue in Brooklyn. It was sold for a total amount of $110,000,000. This asset includes notable spaces such as the Brooklyn Mirage, which were part of the Avant Gardner venues.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $110,000,000
• Buyer: Aloki Batra & Kabir Mulchandani - FIVE Holdings
• Seller: Avant Gardner
• Date of Transaction: 01/01/2026

The transaction was conducted following Avant Gardner’s bankruptcy in 2025. FIVE Holdings is the Dubai-backed parent company of Pacha, showing a strategic acquisition in the market.