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
Astoria Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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