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61-35 Junction Boulevard

Target Leases 135,000 SF Retail Space At 61-35 Junction Boulevard For 15 Years
LEASEDRetail

Target Leases 135,000 SF Retail Space At 61-35 Junction Boulevard For 15 Years

61-35 Junction Boulevard

Building Size

135,000 SF

Asset Type

Retail

Closing

Jun 30, 2026

AI

The asset involved in this transaction is a retail property located at 61-35 Junction Boulevard in Rego Park, featuring a total square footage of 135,000. The lease agreement spans a duration of 15 years.

Summary of transaction details:

This transaction highlights the representatives involved, with the landlord being represented by Daniel D. Pasquale, Michael Peguero, and Sean Philipps from Katz & Associates Real Estate Advisors, while the tenant is represented by Benjamin Weiner and Jeffrey Howard from Ripco.

Players

Benjamin Weiner

Ripco

Broker

10 deals

Broker
AI
Alexander's Inc.Landlord

Michael Fiddelke

Target

Tenant

1 deal

Tenant

Boulevard 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