Greenstone Partners Brokers $5.2M Sale Of Elmwood Commons Retail Center In Elmwood Park

Elmwood Commons is a retail center located at 1700-1742 North Harlem Avenue in Elmwood Park, with a sale price of $5,200,000. The property encompasses 16,840 square feet and has a price per square foot of $309. Built in 1991, this multi-tenant asset has near-full occupancy and features long-term tenants, including FedEx Office, Wingstop, and Jimmy John’s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,200,000
• Square Footage: 16,840
• Address: 1700-1742 North Harlem Avenue
• Market: Elmwood Park
• Broker: Brewster Hague - Greenstone Partners

Greenstone Partners brokered the sale of Elmwood Commons to an institutional investor at full list price. The property is occupied by established tenants, which includes FedEx Office with a 34-year lease, Wingstop with a 24-year lease, and Jimmy John’s with a 19-year lease.