Alpha Realty facilitated the $5.4 million sale of 41 E 41st Street, a five-story mixed-use building in Manhattan’s Murray Hill. The 5,120-square-foot property includes two commercial units, three floor-through apartments, and 10,000 square feet of unused air rights, marketed by Lev Mavashev and Dasha Dadobaeva.
New York, NY, United States, January 20, 2026 — A five-story mixed-use building at 41 E 41st Street in Manhattan’s Murray Hill neighborhood sold for $5.4 million. Lev Mavashev, Managing Principal of Alpha Realty, and Associate Dasha Dadobaeva exclusively marketed the asset on behalf of ownership.
The five-story property totals 5,120 square feet and includes three large floor-through apartments and two commercial units. The sale also included approximately 10,000 square feet of unused air rights, offering strong long-term upside for repositioning or expansion.
Located between Madison Avenue and Park Avenue, 41 East 41st Street sits in a high-demand Midtown corridor near Bryant Park and Grand Central Terminal, with strong accessibility and steady pedestrian traffic.
“This was a rare opportunity to acquire a fully occupied, income-producing asset with future development potential in one of Manhattan’s most sought-after corridors,” said Lev Mavashev. “The buyer recognized the long-term value of the location and the property’s strong fundamentals.”
Protected under Tax Class 2A, the building offers further investor advantages with stable annual tax increases. The retail component is anchored by long-term tenants, while the residential units feature recently renovated interiors. Current ownership has implemented utility reimbursements and CAM charges to offset operating expenses, contributing to a projected cap rate of 6.2%.
About the company: Alpha Realty continues to serve as a leading boutique brokerage specializing in the sale of multifamily and mixed-use assets across New York City’s core markets. The firm advises owners and investors on acquisitions, dispositions, and value-creation strategies throughout Manhattan and the outer boroughs.
Contact Info:
Name: Lev Mavashev, Principal
Email: Send Email
Organization: Alpha Realty – Investment-Sales | NYC Multifamily
Address: 164 20th St Suite 3D, Brooklyn, NY 11232
Phone: (212) 658-0955
Website: https://www.alpharealtyny.com/
Release ID: 89181311
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