Joey Betesh And Harold Sherr Lease Retail Space To SweetGreen At 167 Orchard Street
167 Orchard Street
$228
$228/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Apr 10, 2025
AI
The asset involved in this lease transaction is located at 167 Orchard Street in the Lower East Side market. The retail space spans 2,000 square feet and has an asking rent of $228 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $456,000
- Address: 167 Orchard Street
- Landlord: Joey Betesh & Harold Sherr
- Tenant: SweetGreen
- Landlord's Representative: Solomon Tbeile, Carolina Aziz & Ike Bibi - KSR
- Tenant's Representative: Jacqueline Klinger & Graci Goldstein - TSCG (The Shopping Center Group)
- Lease Type: Retail Lease
This transaction highlights the collaboration between key representatives, with Solomon Tbeile, Carolina Aziz, and Ike Bibi representing the landlords, while Jacqueline Klinger and Graci Goldstein acted on behalf of SweetGreen as tenant representatives.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
69574.56%
Cash-on-Cash
-19884.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93