Stephen Hakakian Acquires Forest Hills Retail Property For $8M

The retail property located at 7204, 7208 & 7250 Austin Street in Forest Hills, Queens has been sold for a total price of $8,000,000. The property measures 14,210 square feet, resulting in a price per square foot of $562. The transaction was facilitated by Stephen R. Preuss SR, a broker representing the buyer Stephen Hakakian and the seller Lou Stockman.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $8,000,000
• Address: 7204, 7208 & 7250 Austin Street, Forest Hills, Queens
• Market: Forest Hills, Queens
• Broker: Stephen R. Preuss SR

The sale of this retail property is a significant deal in Forest Hills, Queens. Stephen Hakakian acted as the buyer, while Lou Stockman served as the seller. Stephen R. Preuss SR expertly represented both parties in the transaction.