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.
On the Map
$17,950,000
$798/SF
Mixed-use
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New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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