Alfred Sabetfard’s Sabet Group pays $7M to Thierry Bonnet for property in Soho

Alfred Sabetfard’s Sabet Group through the entity 171 Sixth Ave LLC paid Thierry Bonnet’s Vandam-Sixth Avenue Realty LLC $6.6 million for 171 Sixth Avenue in Soho. The deal closed on December 26, 2019, and was recorded on January 8, 2020. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 24 residential units. The property is 13,500 square feet. The parcel(s) have total development potential of 37,532 square feet.
The sale price per unit is $275,000.

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