226 8 Avenue

Chelsea, Manhattan

Parcel ID (BBL): 1007710004

Acris records

Owner: Sabet Group

Acquired: June 30, 2023, $15 million

Debt: February 04, 2025, $25 million

Built: 1910

SF: 16,479

Dwelling units: 22

No. of buildings: 1

Class: Over Six Families With Stores (C7)

Floors: 6

Transactions:

Sabet Group borrowed $25 million from Citibank for 224 8th Avenue and 228 8th Avenue, Chelsea, Manhattan on February 04, 2025.

Sabet Group borrowed $11 million from Hanmi Bank for 224 8th Avenue and 228 8th Avenue, Chelsea, Manhattan on June 30, 2023.

• Sonia Jaye sold 224 8th Avenue and 228 8th Avenue, Chelsea, Manhattan for $15 million to Sabet Group on June 30, 2023.

Development:

• Leor Sabet filed alteration job M01357086 for 1,000 sqft building with 22 apartments in Chelsea, Manhattan, on February 09, 2026.

• Leor Sabet filed alteration job M01175111 for 555 sqft RES building with 22 apartments in Chelsea, Manhattan, on February 12, 2025.

• Leor Sabet filed alteration job M01094873 for 400 sqft RES building with 22 apartments in Chelsea, Manhattan, on August 20, 2024.

• Michael Huang filed alteration job M01076833 for 500 sqft RES building with 22 apartments in Chelsea, Manhattan, on July 07, 2024.

• Leor Sabet filed alteration job M01047685 for 500 sqft RES building with 22 apartments in Chelsea, Manhattan, on June 10, 2024.

Violations:

According to city public data, the properties have received $3,750 in ECB penalties, nine housing violations, and $4,400 in OATH penalties in the last year.

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