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
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