Joe Betesh Hymie Mishan Danny Betesh Eli M Dweck Buy Retail Asset In Charlotte For $3.35M
2211 North New Hope Road
$3,350,000
$77/SF
Building Size
43,470 SF
Asset Type
Retail
Closing
Sep 21, 2025
AI
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
Gastonia Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93