The closing and sale of the nearly seven-decade-old Joe Abbracciamento Restaurant in Rego Park caused an emotional stir in the neighborhood last year.
The buyer, Criterion Group, had plans to demolish and build on the property, but nearly one year after the eatery closed, the new owner has sold the property. That transaction is just one of the big sales in the borough over the week.
Address: 62-98 Woodhaven Blvd., Rego Park
Plans to transform the former site of Rego Park’s beloved Joe Abbracciamento Restaurant haven’t gone anywhere. The restaurant and adjoining buildings were sold to 62-98 Realty LLC, a firm based in Flushing, for $10.8 million, according to city records filed on Friday.
After the family-owned eatery closed and was sold along with the adjoining buildings on the block for $9 million to Criterion Group, according to property records, permits were filed by the new owners to demolish the buildings and build a seven-story residential building on the lots with nearly 120 apartments and 60 parking spaces. The stores attached to the restaurant were closed last year for the impending demolition, which has not occurred as yet.
Address: 39-34 43rd St., Sunnyside
This warehouse building near Torsney/Lou Lodati Playground traded hands for $8.1 million, according to city records filed on Tuesday. Jay Kestenbaum is the buyer.
Last year, the FDNY tried to acquire this site to store about 100 spare and reserve fire engines, according to published reports. The plan needed Uniform Land Use Review Procedure approval from the city. Although it was approved by Community Board 2, the plan was met with some opposition. Residents cited potential problems of increased traffic and noise. The FDNY withdrew its application and plans for the site in August.
Address: 39-50 24th St., LIC
Greiner-Maltz Investment Properties closed on this apartment building on Tuesday. The four-story, 30-unit building has 21,680 square feet of space. There are also two vacant retail spaces in the building on the ground floor. The sale has yet to hit city property records.