facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$8,600,000
RS
LS

New York

See Similar Deals
Mixed-use19,418 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

208 East 7th Street

See Similar Deals
Mixed-use19,418 SF
Sold
RS
LS
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$442
Total Square Footage:19418 SF
Transaction Type:Sale

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

LS
Leor Sabetfard
2 deals$13.9M volume
BUYER
RS
Robert Spitalnick
2 deals$17.1M volume
SELLER

Details

SOLD
IMAGE: Robert Spitalnick DATE: 03/09/2026 ADDRESS: 208 East 7th Street MARKET: East Village, Manhattan ASSET TYPE: Mixed-use BUYER: Leor Sabetfard - Sabet Group SELLER: Robert Spitalnick - Birchwood Properties SALE PRICE: $8,600,000 UNITS: 28 ~ PPU: $307,143 SF: 19,418 ~ PPSF: $443 NOTE: Sabet Group, via 208 E 7 Street LLC, bought the 28-unit, 19,418-square-foot residential walkup at 208 East 7th Street in Manhattan’s East Village from Birchwood Properties for $8.6M, closing March 9, 2026.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$458,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65