Iris Holdings Group Acquires Multifamily Building From LeFrak In Kew Gardens For $9.9M

The asset involved in this transaction is a multifamily building located at 84-20 Austin Street in Kew Gardens, Queens. The sale price for the property was $9,900,000, with a total square footage of 53,252, resulting in a price per square foot of $186.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,900,000
• Address: 84-20 Austin Street
• Market: Kew Gardens, Queens
• Square Footage: 53,252
• Price per Square Foot: $186
• Buyer: Chayim Kirschenbaum - Iris Holdings Group
• Seller: LeFrak

The buyer, Chayim Kirschenbaum representing Iris Holdings Group, has now completed 13 acquisitions from the seller, LeFrak. The total value of these transactions amounts to $180 million, highlighting a significant ongoing relationship between the two parties in the real estate market.