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Newly built Rego Park office building put up for sale for nearly $8M – QNS.com

Newly built Rego Park office building put up for sale for nearly $8M

Photo courtesy Cushman & Wakefield

A seven-story Rego Park building that was constructed last year has been listed for sale.

The property at 97-17 64th Rd., which replaced a two-story office structure at the site, is being offered for $7,950,000 with Cushman & Wakefield.

The owner, listed publicly as 97-17 Realty LLC, bought the property for $930,000 in 2006, according to city records.

The office building is a few blocks from the Rego Center Mall and within walking distance of Queens Place and Queens Center malls. The 63rd Drive subway station is also nearby.

The building has 12,200 square feet of space, which is very valuable in Rego Park, a neighborhood with established properties and not much vacant land to offer developers to build.

“The quality of this newly built asset, along with its prime location, makes it a rare find in today’s [Rego Park] market,” said Cushman & Wakefield’s Thomas Donovan.

Donovan is marketing the building with Eugene Kim, Tommy Lin and Robert Rappa.

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