(SeaPRwire) –   NEW YORK, May 21, 2026 — AV Management, a private investment firm based in New York, today announced the completion of its purchase of 73-75 Sullivan Street from a longstanding SoHo developer for $43,333,000.

The property at 73-75 Sullivan Street, built from the ground up and finished in 2016, is situated in Manhattan’s dynamic SoHo neighborhood. With its generous floor plans, contemporary construction, and stable commercial tenants, it provides boutique-style real estate of institutional quality.

In the $43.4 million transaction, Dylan Walsh and Nico Nicolaou of Cushman & Wakefield acted on behalf of the seller. Citizens Private Bank supplied $21.6 million in competitive acquisition financing despite considerable time pressures.

The property was bought at yields that are historically high for Class A+ Manhattan real estate, presenting a premier chance to create lasting income while retaining flexibility in executing the business plan.

“This special situation deal highlights the strong potential to acquire investment-grade properties at historically attractive yields by leveraging early-stage market conditions,” stated Principal Ahcene Ouldsaada. “73-75 Sullivan Street benefits from the market shift following the unprecedented rise in domestic interest rates in 2022. We purchased the asset on an opportunistic basis and plan to hold it long-term as a source of permanent income, with the potential for favorable liquidity as market conditions stabilize.”

“Prime-location properties in Northeast submarkets will persistently deliver better performance than tertiary and Sunbelt markets. The ongoing transition from speculative, assumption-based value-add deals to opportunistic, special situation investments in Class A+ Northeast assets is set to accelerate. Acquiring assets with solid fundamentals at the right point in the early market cycle offers investors substantial alpha.”

About AV Management

AV Management (“AVM”) is a New York-based investment sponsor focused on real estate. Its leadership consists of former Tishman Speyer professionals and top institutional investors with a combined track record of approximately $5 billion in acquisitions, development, and asset management. Using its deep experience in enhancing value for complex, institutional-grade properties, AVM is skilled at discovering off-market acquisitions and managing operations effectively. More details are available at avmgmt.co.

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SOURCE AV Management