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208 East 7th Street

Leor Sabetfard Of Sabet Group Acquires Mixed-Use Property From Robert Spitalnick For $8.6M
SOLDMixed-use

Leor Sabetfard Of Sabet Group Acquires Mixed-Use Property From Robert Spitalnick For $8.6M

208 East 7th Street

$8,600,000

$442/SF

Building Size

19,418 SF

Asset Type

Mixed-use

Closing

Mar 9, 2026

AI

A mixed-use property located at 208 East 7th Street in Manhattan's East Village has been sold for a price of $8,600,000. This residential walkup consists of 28 units and spans 19,418 square feet, resulting in a per-unit price of $307,143 and a price per square foot of $443.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,600,000
  • Address: 208 East 7th Street
  • Market: East Village, Manhattan
  • Units: 28
  • Square Footage: 19,418
  • Price Per Unit: $307,143
  • Price Per Square Foot: $443
  • Buyer: Leor Sabetfard - Sabet Group
  • Seller: Robert Spitalnick - Birchwood Properties
  • Closing Date: March 9, 2026

The buyer, Leor Sabetfard, represented by Sabet Group, acquired the property through 208 E 7 Street LLC from the seller Robert Spitalnick, who is associated with Birchwood Properties. This transaction reflects strategic interests in the East Village real estate market.

Players

Leor Sabetfard

Sabet Group

Buyer

$13.9M

vol

2 deals

Buyer

Robert Spitalnick

Birchwood Properties

Seller

$17.1M

vol

2 deals

Seller

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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93