Kartsonis Family Acquires Retail Property In Forest Hills, Queens For $12.25M

The retail property located at 109-32 Ascan Avenue in Forest Hills, Queens has been sold for a total price of $12,250,000. The property spans 10,000 square feet, resulting in a price per square foot of $1,225.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,250,000
• Address: 109-32 Ascan Avenue, Forest Hills, Queens
• Market: Forest Hills, Queens
• Buyer: Kartsonis Family
• Seller: Koumas Family
• Seller's Representative: Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie - Ripco Investment Sales
• Buyer's Representative: Ami Efrati - Entrepreneur Properties

The sale was facilitated by the seller's representatives, Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie from Ripco Investment Sales. Ami Efrati of Entrepreneur Properties represented the buyer in this transaction.