Last Daffy's Sites Go on the Auction Block

ELIZABETH, NJ-A former Daffy's location here, along with 10 other retail spaces once occupied by the bankrupt off-price clothing retailer, are coming up for auction next month. GA Keen Realty Advisors, a division of Great American Group, Inc. has been retained by Jericho Acquisitions I, LLC and Aurora Capital Associates to market the remaining 11 former Daffy’s stores as part of a bankruptcy lease auction, GA Keen co-president Harold Bordwin says in a release.

“All sites are available at below-market lease rates and are in strategic locations with flagship potential, which make these properties desirable for retailers who want to make inroads into New York City and its adjacent markets,” Bordwin says in a release. The retail spaces range from 17,000 to 54,000 square feet in size and are at the following locations: Route 1 and Route 9 North in Elizabeth, NJ; 165 Route 4 West, Paramus, NJ; 215 Route 46 West, Totowa, NJ; 2146 Bartow Ave. in the Bronx; 88-01 Queens Blvd. in Queens; 1900 Northern Blvd. in Manhasset, NY; and Manhattan locations at 335 Madison Ave., 135 E. 57th St., 1775 Broadway, 229 W. 43rd St. and 3 E. 18th St.

Deadline for bids is Friday, Dec. 7, with an auction date set for five days later; all transactions are set for bankruptcy court approval. “We have the ability to transact prior to the bid deadline so we encourage all interested parties to reach out to us immediately," Bordwin says. 

Daffy’s Inc., founded in 1961 and based in Secaucus, NJ, was known for selling national fashion brands at up to 80% off list price. A victim of the same competitive landscape that claimed Syms and Filene’s Basement, its rivals for the same price-conscious shopper, the company announced it was going out of business in July.