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Leor Sabetfard Of Sabet Group Acquires Multifamily Property From Stefka Nazarkewycz For $5.3M
SOLD
$5,300,000
New York
See Similar DealsMultiFamily10,116 SF
Sold 11/10/2025
SOLD
Leor Sabetfard Of Sabet Group Acquires Multifamily Property From Stefka Nazarkewycz For $5.3M
53 East 7th Street
See Similar DealsMultiFamily10,116 SF
Sold 11/10/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$523
Total Square Footage:10,116 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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