Joey Arakanchi Leases Retail Space To Sushi Xushin At 28 West 36th Street For $133/ft
28 West 36th Street
$133
$133/SF
Building Size
1,809 SF
Asset Type
Retail
Closing
Aug 1, 2026
AI
The property asset involved in this transaction is located at 28 West 36th Street in New York. It is a retail space with a total size of 1,809 square feet. The asking rent for this property is set at $133 per square foot, and the lease type is classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $133/ft
- Square Footage: 1,809
- Address: 28 West 36th Street
- Market: New York
- Landlord: Joey Arakanchi
- Tenant: Sushi Xushin
- Landlord's Representative: Jack Hamadani, Freddy Souid & Joey Levy - Kassin Sabbagh Realty
- Tenant's Representative: Kyle Fink - Meridian Capital Group
This transaction involved several key individuals and companies, including landlord Joey Arakanchi leasing the space to tenant Sushi Xushin. The landlord was represented by the team of Jack Hamadani, Freddy Souid, and Joey Levy from Kassin Sabbagh Realty, while Kyle Fink from Meridian Capital Group represented the tenant.
Players
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
119270.68%
Cash-on-Cash
-34087.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93