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LONG BRANCH, N.J. — ICON Real Estate Advisors has arranged the $19.4 million sale of The Pavilion, a 46-unit multifamily building at 165 Pavilion Ave., and an adjacent retail property at 231 Third Ave. in Long Branch, 57 miles south of Manhattan. The buyer, Henshaw Realty, acquired the assets as part of a 1031 exchange following the sale of a New York City asset. The seller was Jebara Partners, the original developer. The Pavilion was completed in 2021 and is a five-story building. The retail property is occupied by tenants Dunkin and Sushi on Fleek. ICON represented both buyer and seller.