SWABY Leases Retail Space At 237-239 Eldridge Street In Lower East Side With Tahari Realty
237 239 Eldridge Street
$130
$130/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Feb 10, 2026
AI
The property asset involved in the transaction is a retail space located at 237-239 Eldridge Street in the Lower East Side. The asking rent for this space is set at $130 per square foot, with a total area of 1,000 square feet. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Address: 237-239 Eldridge Street
- Market: Lower East Side
- Landlord: HDFC Co-op - James Maistre
- Tenant: SWABY
- Brokers: Jack Sash Basora & Joshua Azizian - Tahari Realty
The key individuals in this transaction include Jack Sash Basora and Joshua Azizian from Tahari Realty, who represented the landlord, HDFC Co-op. They successfully secured SWABY, an emerging fashion brand, for the ground-floor retail space, reflecting the commitment of Tahari Realty to provide creative leasing solutions that activate vacant storefronts with strong retail concepts.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93