SOLDMixed-use
Alfred Sabetfard Of Sabet Group Purchases Mixed-Use Buildings For $13.95M In Manhattan
116 Macdougal Street & 118 Macdougal Street
$13,950,000
$353/SF
Building Size
19,730 SF
Asset Type
Mixed-use
Closing
Jul 28, 2026
About this deal
AI
A mixed-use building was sold at 116 & 118 MacDougal Street in Manhattan. The property comprises 19,730 square feet and was sold for $13,950,000, equating to a price per square foot of $707.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $13,950,000
- Square Footage: 19,730
- Price per Square Foot: $707
- Buyer: Alfred Sabetfard - Sabet Group
- Seller: Lewis M. Barnabel
- Date of Transaction: 07/28/2026
- Market: Manhattan
The transaction involved Alfred Sabetfard's representation by Sabet Group, acquiring the property from seller Lewis M. Barnabel. The deal was completed on July 28, 2026.
On the Map
$13,950,000
$353/SF
Mixed-use
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New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93