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
About this deal
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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 61-35 Junction Boulevard
- Market: Rego Park
- Landlord: Steven Roth - Alexander's Inc.
- Tenant: Michael Fiddelke - Target
- Landlord's Representative: Daniel D. Pasquale, Michael Peguero & Sean Philipps - Katz & Associates Real Estate Advisors
- Tenant's Representative: Benjamin Weiner & Jeffrey Howard - Ripco
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.
On the Map
Retail
View full map
Players
AI
Alexander's Inc.Landlord
Boulevard Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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