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
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