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28 West 36th Street

Joey Arakanchi Leases Retail Space To Sushi Xushin At 28 West 36th Street For $133/ft
LEASEDRetail

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:

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

Jack Hamadani

Kassin Sabbagh Realty

Broker

50 deals

Broker

Joey Arakanchi

Landlord

1 deal

Landlord
Sushi Xushin
Sushi XushinTenant

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