Leor Sabetfard's Sabet Group Acquires Mixed-Use Property At 19 East 7th Street For $5.3M
19 East 7th Street
$5,300,000
$608/SF
Building Size
8,710 SF
Asset Type
Mixed-use
Closing
Sep 16, 2026
About this deal
AI
A mixed-use property located at 19 East 7th Street in Manhattan's East Village was acquired for $5.3 million. The property spans 8,710 square feet and has a price per square foot of $608, reflecting its market value within the area.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,300,000
- Square Footage: 8,710
- Price per Square Foot: $608
- Buyer: Leor Sabetfard - Sabet Group
- Seller: Michael Saperstein, Adam Ramer, Benjamin Saperstein & Eytan Saperstein - Ramer & Saperstein
- Transaction Date: 09/16/2026
The acquisition marks a significant transfer of real estate in the East Village, with Leor Sabetfard leading the Sabet Group as the new owner of this property, previously held by sellers Michael Saperstein, Adam Ramer, Benjamin Saperstein, and Eytan Saperstein of Ramer & Saperstein.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93