Kartsonis Family Acquires Retail Property In Forest Hills, Queens For $12.25M | 109 Ascan Ave, Forest H | Ami Efrati, Kevin Schmitz, Kevin Louie, Andreas Efthymiou, Stephen R. Preuss Sr. | Retail | Sale

Summary

Sale

NEW YORK

Retail

10,000 sqft

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.

Players

All
6

Agents
5
Agencies
1

$27.9M Sold

$597.2M Sold

$655.9M Sold

$695M Sold

Stephen R. Preuss Sr.

Vice Chairman

$1.3B Sold

Ripco

Details

Deal Summary

SOLD

IMAGE: Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, Kevin Louie & Ami Efrati DATE: 11/03/2022 ADDRESS: 109-32 Ascan Avenue MARKET: Forest Hills, Queens ASSET TYPE: Retail BUYER: Kartsonis Family SELLER: Koumas Family SELLER'S REP: Stephen R. Preuss Sr. (@RipcoInvestmentSales), Kevin Schmitz (@Kevin.Schmitz_CRE), Andreas Efthymiou (@Andreas.E_Investment_Sales) & Kevin Louie (@Kevin.Louie_Investment_Sales) - Ripco Investment Sales BUYER'S REP: Ami Efrati - Entrepreneur Properties SALE PRICE: $12,250,000 SF: 10,000 ~ PPSF: $1,225

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Address109 Ascan Ave, Forest H

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