{"id":243338,"date":"2026-05-25T22:31:46","date_gmt":"2026-05-25T22:31:46","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/243338\/"},"modified":"2026-05-25T22:31:46","modified_gmt":"2026-05-25T22:31:46","slug":"73-75-sullivan-street","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/243338\/","title":{"rendered":"73-75 Sullivan Street"},"content":{"rendered":"

\"73-75<\/a><\/p>\n

AV Management<\/a>, a private New York based investment firm, announced that it has completed the acquisition of 73-75 Sullivan Street<\/a> from a long-time SoHo developer for $43,333,000.<\/p>\n

73-75 Sullivan Street was completed in 2016 as a ground-up construction project and is located within Manhattan\u2019s vibrant SoHo submarket. Featuring expansive layouts, modern construction vintage, and long-term commercial tenancy, the property offers institutional quality yet boutique real estate.<\/p>\n

Cushman & Wakefield\u2019s Dylan Walsh and Nico Nicolaou represented the seller in the $43.4M deal. Citizens Private Bank provided $21.6M in competitive acquisition financing under significant time constraints.<\/p>\n

Purchased at historically high-yields for Class A+ Manhattan property, the acquisition represents a world-class opportunity to generate permanent income with embedded flexibility in business plan execution.<\/p>\n

\u201cThis special situation transaction represents the robust opportunity set to purchase investment grade assets at historically high yields by taking advantage of early cycle market dynamics,\u201d said Principal Ahcene Ouldsaada. \u201c73-75 Sullivan Street capitalizes on the dislocation caused by the 2022\u2019s historically unprecedented hike in domestic base rates. The asset was acquired at an opportunistic basis and will be held long-term as a permanent income vehicle with an option for attractive liquidity as markets normalize.\u201d<\/p>\n

\u201cThe durability of A+ location property in Northeast submarkets will continue to outperform tertiary and Sunbelt markets. We will see an acceleration of the already occurring shift from speculative, assumption driven value-add transactions to opportunistic, special situation investments of Class A+ assets in Northeast markets. Strong fundamentals bought correctly during early cycle dynamics provides investors with significant alpha.\u201d<\/p>\n

AV Management (\u201cAVM\u201d) is a New York based sponsor that specializes in property investing. AVM is led by alumni of Tishman Speyer and leading institutional investors who have collectively executed ~$5Bn of acquisitions, development, and subsequent asset management. Leveraging deep expertise in driving value for complex, institutional-grade assets, AVM excels at identifying proprietary acquisitions and executing successful operations.<\/p>\n

<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"AV Management, a private New York based investment firm, announced that it has completed the acquisition of 73-75…\n","protected":false},"author":2,"featured_media":243339,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[5020,18180,2003,75,8392,84,83,2006,2008,9,24,12,63,2010,73995],"class_list":["post-243338","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-acquisition","tag-class-a","tag-deal-boom","tag-manhattan","tag-manhattan-new-york","tag-manhattan-headlines","tag-manhattan-news","tag-mid-rise","tag-multifamily","tag-new-york","tag-new-york-city","tag-news","tag-nyc","tag-transit-oriented","tag-value-add"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/243338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=243338"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/243338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/243339"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=243338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=243338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=243338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}