Alfred Sabetfard Of Sabet Group Purchases Mixed-Use Property From Steven Gautier-Winther For $5.3M
59 East 7th Street
$5,300,000
$479/SF
Building Size
11,058 SF
Asset Type
Mixed-use
Closing
Aug 12, 2026
AI
Alfred Sabetfard purchased a mixed-use property located at 59 East 7th Street in the East Village, Manhattan for $5,300,000. The property encompasses a total square footage of 11,058, with a price per square foot of $479.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,300,000
- Address: 59 East 7th Street
- Market: East Village, Manhattan
- Square Footage: 11,058
- Price Per Square Foot: $479
- Buyer: Alfred Sabetfard - Sabet Group
- Seller: Steven Gautier-Winther - Willowick Properties
Alfred Sabetfard, representing Sabet Group, finalized this acquisition from Steven Gautier-Winther, who represents Willowick Properties. The transaction reflects the activity and demand in the East Village 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93