Prime East Village 7-Story Mixed-Use Elevator Bldg

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Address: 41 Avenue B, New York, NY 10009, USA
New York & Tri-State + Apartment Buildings
Created date: May 11, 2026
Date last updated: July 10, 2026
Price: $19,000,000Investment Analyzer NEW!

Property Description

Ariel Property Advisors has been retained on an exclusive basis to arrange the sale of 41 Avenue B, a premier 7-story elevator mixed-use building located between E 3rd and E 4th Streets in the heart of the East Village. The Asset Constructed in 1999, 41 Avenue B is impeccably maintained & managed by the property’s original developer. The building contains 23 residential units over a ground commercial unit on the ground floor that is occupied by a popular, highly rated Japanese omakase restaurant. The residential unit mix consists of 10 one-bedroom units, 11 two-bedroom units, and 2 three-bedroom units. The expiration of a 421A tax abatement and unit turnover has led to 22 of the units enjoying free market status and the one remaining rent stabilized apartment will revert to free market status upon vacancy. Tenants enjoy a full amenity package that includes a virtual doorman, shared outdoor space in rear yard, a laundry room, and bicycle storage. Though all residential units are in excellent condition, enjoy abundant light and air and contain coveted private outdoor spaces, additional upside can be realized with modest cosmetic upgrades to the units and common areas. Dynamic East Village Location Located in the heart of the East Village— one of Manhattan’s most dynamic, “live-work-play” neighborhoods—41 Avenue B is ideally positioned to capitalize on the area’s surging rental demand. 41 Avenue B is steps away from the newly revitalized East River Park, Tompkins Square Park and many of the best retail, dining, and nightlife options that New York City has to offer. The property benefits from a host of nearby public transportation options, including the F/M and J/Z trains at the Delancey / Essex Street station, and the L train at the 1st Avenue station. The Williamsburg Bridge and FDR Drive provide multiple commuting options. The Opportunity 41 Avenue B presents investors with the ideal combination of strong, reliable existing cash flow and significant potential upside with limited capital requirements. For more information, please contact the exclusive sales agents.
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Broker Details

Ariel Property Advisors
Ariel Property Advisors

Ariel Property Advisors (212) 544-9500

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Key Property Information

Listing Status: Under Contract
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $19,000,000
No. of Units: 24
Year Built: 1999
Building Size: 19,622 Sq ft
Opportunity Zone: No
Price per unit: $791,667
Address: 41 Avenue B, New York, NY 10009, USA

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