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167 Orchard Street

Joey Betesh And Harold Sherr Lease Retail Space To SweetGreen At 167 Orchard Street
LEASEDRetail

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

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

Harold Sherr

Landlord

4 deals

Landlord
S
SweetgreenTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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