Shun Qian Liu Acquires Development Site In Rego Park, Queens For $30M

A development site located at 98-04 63rd Rd. in Rego Park, Queens has been sold for $30,000,000. The property, with a total square footage of 177K, was purchased by Shun Qian Liu from the Roman Catholic Church of Our Lady of Angelus. The transaction was facilitated by brokers Dan Kaplan and Tim Sheehan from CBRE.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $30,000,000
• Address: 98-04 63rd Rd., Rego Park, Queens
• Market: Rego Park, Queens
• Total Square Footage: 177K
• Price Per Square Foot: $169
• Buyer: Shun Qian Liu
• Seller: Roman Catholic Church of Our Lady of Angelus
• Brokers: Dan Kaplan & Tim Sheehan - CBRE

Dan Kaplan and Tim Sheehan from CBRE acted as the representatives for the buyer and seller in this transaction.