138 Clinton Street
This is a straightforward retail acquisition on the Lower East Side at $315/SF, modestly below estimated market comparables of ~$320/SF, suggesting the buyer achieved slight value relative to prevailing submarket pricing. The transaction is clean with no evident liens, litigation, foreclosure, or distress signals, and was intermediated by a top-tier Newmark team providing credibility to the seller's disposition process. Chera Realty is a smaller operator with limited deal history, which moderates confidence in the buyer's institutional depth, though the deal size is well within their demonstrated capacity. The Lower East Side retail corridor faces ongoing foot traffic and tenant-mix uncertainty post-pandemic, making stabilization dependent on securing or retaining creditworthy tenants at market rents. Overall, this is a low-leverage, modest-scale retail purchase with acceptable risk profile but limited upside catalyst absent a clear value-add or lease-up story.
Deal Stats
Parties
Seller / Landlord
Delancey Street Associates appears to be a private ownership entity associated with Lower East Side retail holdings, likely a family-held or partnership structure given the geographic specificity of the name. Their disposition was handled through a high-volume Newmark brokerage team, suggesting a professional and orderly sale process with no evident distress.
Buyer / Tenant
Chera Realty Group is a NYC-based real estate firm with a history in retail and mixed-use acquisitions, primarily concentrated in Manhattan; Jeffrey Chera is an active principal with a modest but growing transaction footprint of 4 recorded deals totaling approximately $6.4M. The firm is a smaller operator with boutique deal volume, suggesting this acquisition is consistent with their neighborhood retail accumulation strategy on the Lower East Side.
Score Analysis
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Resolve outstanding violations or liens
Active violations significantly depress the score; clearing them has high impact.
Provide sponsor financial statements
Documented liquidity and net worth reduce lender risk perception.
Submit a detailed business plan
A clear repositioning or hold strategy demonstrates deal viability.
Identify institutional co-lenders or equity partners
Reputable co-investors signal deal quality to underwriters.
Raw Deal Textclick to expand
traded + Submit RE Growing Financial Partnerships For Over 30 Years. Get Started Home Deals New York Retail Sale 138 Clinton Street Share SOLD Chera Realty Acquires Retail Property At 138 Clinton Street Manhattan For $1,425,000 $1,425,000 $315/SF BUILDING SIZE 4,520 SF ASSET TYPE CLOSING Jun 14, 2026 Overview Players Market Deal Summary Caption AI The retail asset located at 138 Clinton Street in Manhattan has been sold for $1,425,000. The property spans 4,520 square feet, translating to a price per square foot of $315. Summary of transaction details: Property Type: Retail Transaction Amount: $1,425,000 Address: 138 Clinton Street Market: Manhattan Square Footage: 4,520 Price per Square Foot: $315 Buyer: Chera Realty - Jeffrey Chera Seller: Delancey Street Associates Seller's Representatives: Eric Roth, Brett Siegel & Tyler Signora - Newmark Jeffrey Chera of Chera Realty represented the buyer in this transaction, while Eric Roth, Brett Siegel, and Tyler Signora from Newmark acted on behalf of Delancey Street Associates, the seller. Each party was facilitated by their respective representatives to complete the sale of the retail space. PLAYERS All Brokers Buyers | Sellers Brett Siegel Newmark BROKER $6.4B VOL 77 deals Contact Eric Roth $1.5B 63 deals Tyler Signora $863M 39 deals JC Jeffrey Chera Chera Realty Group BUYER $6.4M 4 deals DA Delancey Street Associates SELLER Lower East Side Retail Market Snapshot Neighborhood boundary · Retail · Sale transactions Full Market → Comps Listings Map Investors Top Brokers 10 Lenders Loading comparables… Live MORE DEALS $1.9M $706/SF Blue Health Holding Acquires Retail Property On Lower East Side For $1.9M 2,690 SF · Nov 2022 $1,017/SF Seth Newman Acquires Retail Property On Lower East Side From Josh Manocherian 1,818 SF · Nov 2021 $1.8M $1,428/SF Jason Wu Acquires Retail Property On Lower East Side For $1.8M 1,260 SF · Sep 2022 $1.4M $725/SF TeamCIS Acquires Retail Space In Soho For $1.45M Through Cushman & Wakefield 2,000 SF · Jun 2024 $1.6M $512/SF Lion Capital And Highstone Capital Acquire Retail Asset In SoHo For $1.65M From Elliot Chehebar 3,222 SF · Nov 2024 $931/SF Aamir Motiwala Purchases 2,040 SF Retail Condo In Tribeca From Clayton Sussman For $1.9M 2,040 SF · May 2026 $942/SF Regal Acquisitions Acquires Retail Space In TriBeCa For $1.9M 2,015 SF · Nov 2020 $519/SF G4 Capital Partners Acquires Retail Property In New York City For $1.75M 3,372 SF · Jun 2023 $700/SF Kings Capital Acquires Retail Property In West Village For $1.4M 2,000 SF · Mar 2022 $1,250/SF KSR Capital Acquires Retail Property At 12 West 18th Street In Flatiron For $1.75M 1,400 SF · Jun 2024 NEARBY MARKETS NEIGHBORHOODS Bedford Williamsburg Commercial District Greenpoint Williamsburg Fort Greene East Williamsburg Clinton Hill Downtown Brooklyn Submarket Brooklyn Heights-Cobble Hill Financial District Downtown West Commercial District Chinatown BOROUGHS Staten Island Bronx Queens Manhattan Brooklyn CITIES Paterson Hackensack Bayonne Paramus East Orange Hoboken Newark Clifton Jersey City West New York Linden Fort Lee STATES North Carolina Virginia West Virginia Michigan Massachusetts Pennsylvania Vermont South Carolina New Hampshire District of Columbia New Jersey We are telling CRE's story Traded is the #1 source for cutting-edge CRE transactions & insights. 1M+ DEALS 100K+ USERS 47 MARKETS 1.2M+ FOLLOWERS Browse Closings by State National Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Minnesota Mississippi Missouri Montana Nebraska Nevada New Mexico North Dakota Ohio Oklahoma Oregon Rhode Island South Dakota Tennessee Texas Utah Washington Wisconsin Wyoming Search News Agents Agencies About About Us FAQ Testimonials Help Help Center Pricing Return Policy Follow a feed NY @tradedny MIA @tradedmiami LA @tradedla CHI @tradedchicago BOS @tradedboston DAL @tradeddallas NJ @tradednj 18.2K The Traded Weekly Every major deal & ranking update — Friday mornings. Email © 2026 Traded Media LLC · All rights reserved. Terms & Conditions Privacy Disclaimer Cookie Policy Do Not Sell My Info Acceptable Use