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72 20 Broadway

Burlington Coat Factory Leases 42,575 SF Retail Space At 72-20 Broadway In Jackson Heights
LEASEDRetail

Burlington Coat Factory Leases 42,575 SF Retail Space At 72-20 Broadway In Jackson Heights

72 20 Broadway

Building Size

42,575 SF

Asset Type

Retail

Closing

Jul 31, 2025

AI

The property asset involved in this transaction is a retail space located at 72-20 Broadway in Jackson Heights, Queens. This lease includes a total square footage of 42,575. The current market is reflective of a growing interest in retail spaces within this area, positioning it favorably for tenants looking to establish a presence in a vibrant community.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: Not specified
  • Address: 72-20 Broadway
  • Market: Jackson Heights, Queens
  • Square Footage: 42,575
  • Landlord: Werber Real Estate
  • Tenant: Burlington Coat Factory
  • Landlord's Rep: Adam Heller, Stephen Weber & Joshua Singer - The Heller Organization
  • Tenant's Rep: Clifford Simon - CNS Real Estate

The deal features representatives from two major real estate organizations. The landlord's representatives, Adam Heller, Stephen Weber, and Joshua Singer, are all associated with The Heller Organization, indicating a team effort in securing this lease. On the tenant side, Clifford Simon from CNS Real Estate represents Burlington Coat Factory, highlighting their strategic entry into this key location in Jackson Heights.

Players

Adam Heller

The Heller Organization

Broker

5 deals

Broker
The Heller Organization
The Heller OrganizationBrokerage

Astoria 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93