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41 Avenue B

Updated Oct 26, 2026

Ariel Property Advisors Facilitates Sale Of Mixed-Use Building At 41 Avenue B For $17.95M
SOLDMixed-use

Ariel Property Advisors Facilitates Sale Of Mixed-Use Building At 41 Avenue B For $17.95M

41 Avenue B

$17,950,000

$798/SF

Building Size

22,482 SF

Asset Type

Mixed-use

Closing

Oct 6, 2026

About this deal

AI

The property located at 41 Avenue B is a mixed-use asset comprising 1 commercial unit and 23 residential units. The sale was finalized for $17,950,000, with a total of 24 units and a price per unit of $747,917. The property spans 22,482 square feet, resulting in a price per square foot of $798. It is situated in the East Village market of Manhattan.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $17,950,000
  • Units: 24
  • Price Per Unit: $747,917
  • Square Footage: 22,482
  • Price Per Square Foot: $798
  • Date of Transaction: 10/06/2026
  • Address: 41 Avenue B
  • Market: East Village, Manhattan

The transaction was facilitated by brokers Michael A. Tortorici, Victor Sozio, Shimon Shkury, Christoffer Brodhead, Howard Raber, and James Nestor, all representing Ariel Property Advisors in the sale.

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$17,950,000

$798/SF

Mixed-use

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Players

Michael A. Tortorici

Ariel Property Advisors

Broker

$981.8M

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51 deals

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New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $798 per square foot on a published $18M for 22,482 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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