Sabet Group Acquires Mixed-use Property At 176 Stanton Street Lower East Side For $4.5M
176 Stanton Street
$4,500,000
$470/SF
Building Size
9,565 SF
Asset Type
Mixed-use
Closing
Jan 14, 2026
AI
The property at 176 Stanton Street is a mixed-use asset consisting of 1 commercial unit and 17 residential units. The transaction concluded at a sale price of $4,500,000, encompassing a total of 18 units with a price per unit of $250,000. The property spans a total square footage of 9,565, resulting in a price per square foot of $470. The site is located in the Lower East Side market.
Summary of transaction details:
- Property Type: Mixed-use (1 Commercial & 17 Residential)
- Transaction Amount: $4,500,000
- Units: 18
- Price Per Unit: $250,000
- Square Footage: 9,565
- Price Per Square Foot: $470
- Buyer: Sabet Group
- Broker: Robert Aaron - Horvath & Tremblay
- Date: 1/15/2026
- Address: 176 Stanton Street
- Market: Lower East Side
Robert Aaron from Horvath & Tremblay represented the buyer, Sabet Group, in this transaction, facilitating the deal in the Lower East Side market.
Players
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93