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59 East 7th Street

Alfred Sabetfard Of Sabet Group Purchases Mixed-Use Property From Steven Gautier-Winther For $5.3M
SOLDMixed-use

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

Steven Gautier-Winther

Winther Investment, Inc.

Broker

$152.5M

vol

11 deals

Broker

Alfred Sabetfard

Sabet Group

Buyer

$109.4M

vol

8 deals

Buyer

Steven Gautier-Winther

Willowick Properties

Seller

$152.5M

vol

11 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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93