Sabet Group Buys 234-238 East 33rd Street in New York

SaleMultifamily & Mixed-useMidtown (Sixth Ave / Park / Madison / Grand Central)

Reported Oct 28, 2026 · Source: The Real Deal

Source: The Real DealRead the full report at The Real Deal ↗

Deal details

Buyer
affiliate of Sabet Group (Leor Sabetfard)
Seller
LLC tied to Island Capital Group
Price
$12M
Size
58 units
Price per unit
$206,897 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
Midtown (Sixth Ave / Park / Madison / Grand Central)
Metro
New York (incl. Long Island & NJ)
Reported date
Oct 28, 2026

Summary

🏆 Commercial: The most expensive commercial sale to enter records was in Kips Bay, where a three-building apartment complex at 234-238 East 33rd Street changed hands for $12 million, more than half off its prior trade-off. The buyer in the latest sale was an affiliate of Leor Sabetfard’s Sabet Group. Source: The Real Deal.

Summarized from the article; the quoted lines below are from the article itself.

Source: The Real Deal

Read the full report at The Real Deal. What the article says:

  • Deal / Price
    🏆 Commercial: The most expensive commercial sale to enter records was in Kips Bay, where a three-building apartment complex at 234-238 East 33rd Street changed hands for $12 million, more than half off its prior trade-off.
  • Size / Seller
    The seller of the 58-unit complex was an LLC tied to Island Capital Group.
  • Buyer
    The buyer in the latest sale was an affiliate of Leor Sabetfard’s Sabet Group.

Article date: 2026-10-28

Frequently asked questions

Who bought 234-238 East 33rd Street?
Sabet Group bought 234-238 East 33rd Street in Midtown, New York, according to The Real Deal.
How much did 234-238 East 33rd Street sell for?
The reported price is $12M, per The Real Deal.
Who sold 234-238 East 33rd Street?
The seller was LLC tied to Island Capital Group, per The Real Deal.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.