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Joe Betesh Hymie Mishan Danny Betesh Eli M Dweck Buy Retail Asset In Charlotte For $3.35M

Property Image
SOLD
$3,350,000

North Carolina

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Retail43,470 SF
Sold 09/22/2025
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Property Image
SOLD

Joe Betesh Hymie Mishan Danny Betesh Eli M Dweck Buy Retail Asset In Charlotte For $3.35M

2211 North New Hope Road

See Similar Deals
Retail43,470 SF
Sold 09/22/2025
the dealplayerscompscontact
Contact now

Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$77
Total Square Footage:43,470 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 2211 North New Hope Road in Charlotte, NC. The sale was completed for a total price of $3,350,000, encompassing a total of 43,470 square feet, which translates to a price per square foot of $77.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,350,000
  • Address: 2211 North New Hope Road
  • Market: Charlotte, NC
  • Square Footage: 43,470
  • Price per Square Foot: $77
  • Buyer: Joe Betesh, Hymie Mishan, Danny Betesh & Eli M. Dweck
  • Seller: Waters Incorporated
  • Broker: Andrew Margulies - Marcus & Millichap

The transaction was facilitated by Andrew Margulies, who represented the buyer group consisting of Joe Betesh, Hymie Mishan, Danny Betesh, and Eli M. Dweck. Waters Incorporated was the seller of the property in this deal.

Players

Andrew Margulies
Marcus & Millichap
Andrew Margulies
15 deals$85.9M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Danny Betesh, Joe Betesh, Hymie Mishan & Eli M. Dweck DATE: 9/22/2025 ADDRESS: 2211 North New Hope Road MARKET: Charlotte, NC ASSET TYPE: Retail BUYER: Joe Betesh, Hymie Mishan, Danny Betesh & Eli M. Dweck SELLER: Waters Incorporated BROKER: Andrew Margulies - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,350,000 SF: 43,470 ~ PPSF: $77

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$178,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51