Yehuda Kotkes And Daniel Spiegel Acquire Industrial Property In Old Astoria For $45M

The asset involved in the transaction is an industrial property located at 8-51 26th Avenue in Old Astoria, Queens. The sale price for this property was $45,000,000, encompassing a total square footage of 6,000 and a price per square foot of $7,500.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $45,000,000
• Buyer: Yehuda Kotkes & Daniel Spiegel - KS Astoria Holdings LLC
• Seller: Efstathios Valiotis & George Valiotis - Alma Realty
• Square Footage: 6,000
• Price per Square Foot: $7,500
• Market: Old Astoria, Queens
• NOTE: KS Group, led by Yehuda Kotkes and Daniel Spiegel, acquired four Astoria development parcels from Alma Realty for $45M, totaling 609K buildable sq. ft.

The transaction involved key players such as Yehuda Kotkes and Daniel Spiegel representing KS Astoria Holdings LLC as the buyers. Efstathios Valiotis and George Valiotis represented the interests of the seller, Alma Realty, highlighting the collaboration between the involved parties in facilitating this deal.