Ahcene Ouldsaada Of AV Management Acquires Multifamily Asset At 73-75 Sullivan Street For $43.33M

The asset involved in this transaction is a mixed-use building located at 73-75 Sullivan Street in SoHo, Manhattan. The sale was completed at a price of $43,333,000, covering a total square footage of 32,957, resulting in a price per square foot of $1,315. The transaction reflects a competitive market environment in a prime location.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $43,333,000
• Sale Date: 05/11/2026
• Address: 73-75 Sullivan Street
• Market: SoHo, Manhattan
• Square Footage: 32,957
• Price Per Square Foot: $1,315
• Buyer: Ahcene Ouldsaada – AV Management
• Seller: John Zaccaro
• Broker Representatives: Dylan Walsh, Niko Nicolaou, Andrew Berry & Ryan Dowd - Cushman & Wakefield
• Financing: Citizens Private Bank’s Scott Van Der Marck provided $21.6M in competitive acquisition financing.
• Cap Rate: 5.40%

Cushman Wakefield managed the sale through a rigorous bidding process. The buyer, Ahcene Ouldsaada, noted that the acquisition represents a strategic investment opportunity in response to market dynamics arising from previous economic conditions, indicating plans for long-term investment with potential for liquidity as market conditions improve.