The property asset involved in this transaction is located at 186 1st Ave, New York, NY, within the New York market. The asset type is classified as an office, which encompasses two mixed-use buildings comprising 16 apartments and three retail spaces. The transaction was completed for a total amount of $14,250,000.00, marking the first change of ownership in 37 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $14,250,000.00
• Address: 186 1st Ave, New York, NY, 10009
• Buyer: HUBB NYC
• Seller: Allen Park
• Buyer's Representative: Michael Ferrara - Brax Realty
• Market: New York

The transaction involved HUBB NYC, which acquired the two buildings represented by Michael Ferrara from Brax Realty. The seller of the property was Allen Park. This transaction illustrates the continuing interest in mixed-use properties within the East Village area.