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53 East 7th Street

Leor Sabetfard Of Sabet Group Acquires Multifamily Property From Stefka Nazarkewycz For $5.3M
SOLDMultiFamily

Leor Sabetfard Of Sabet Group Acquires Multifamily Property From Stefka Nazarkewycz For $5.3M

53 East 7th Street

$5,300,000

$523/SF

Building Size

10,116 SF

Asset Type

MultiFamily

Closing

Nov 10, 2025

AI

A 12-unit multifamily walkup located at 53 East 7th Street in the East Village market of Manhattan was sold for $5,300,000. The building has a total square footage of 10,116, which translates to a price per square foot of approximately $524. The price per unit is about $441,667.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,300,000
  • Units: 12
  • Square Footage: 10,116
  • Price per Unit: $441,667
  • Price per Square Foot: $524
  • Buyer: Leor Sabetfard - Sabet Group
  • Seller: Stefka Nazarkewycz
  • Date of Transaction: 11/10/2025

Leor Sabetfard represented Sabet Group in the acquisition of the property from Stefka Nazarkewycz. This transaction highlights the engagement between these two parties within the multifamily sector in Manhattan.

Players

Leor Sabetfard

Sabet Group

Buyer

$13.9M

vol

2 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · 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