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

The retail property located at 110 Ascan Avenue in Forest Hills, Queens was recently sold for a total of $12,250,000. The sale took place on November 17, 2022, and was facilitated by Kartsonis Realty, represented by Constantine Kartsonis. The seller in this transaction was Michael Nicholas Koumas. The property has a total square footage of 10,000 square feet, resulting in a price per square foot of $1,225. The building's total gross square footage is 24,300, translating to a price per gross square foot of $504.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $12,250,000
• Address: 110 Ascan Avenue, Forest Hills, Queens
• Market: Forest Hills, Queens
• Buyer: Kartsonis Realty - Constantine Kartsonis
• Seller: Michael Nicholas Koumas
• Square Footage: 10,000
• Price per Square Foot: $1,225
• Gross Square Footage: 24,300
• Price per Gross Square Foot: $504

Kartsonis Realty, led by Constantine Kartsonis, played a pivotal role as the buyer's representative in this transaction. This successful sale demonstrates their expertise in the retail market of Forest Hills, Queens.