Uri Koptiev Purchases Retail Building From Sandy Axelrad For $5.29 Million In Elmhurst

A retail property located at 40-25 Junction Boulevard in Elmhurst was sold for $5,290,000. The asset spans 9,951 square feet and is a three-story mixed-use building situated at the corner of Junction Boulevard and 40th Road in Corona. The property was fully occupied with three retail tenants on the ground floor, a commercial tenant on the second floor, and two free-market apartments. It features 50 feet of frontage on Junction Boulevard and is one block away from the subway entrance.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,290,000
• Square Footage: 9,951
• Sale Price per Square Foot: $531
• Buyer: Uri Koptiev
• Seller: Sandy Axelrad
• Brokers: Scott Plasky & William Stephan - Marcus & Millichap

Scott Plasky and William Stephan represented the seller, Sandy Axelrad, in the transaction. The property was noted for its strategic location, fully occupied status, and varied tenant mix, which contributed to the completion of the deal.