RB Realty Capital Acquires Industrial Property In Rego Park For $10.95M

The industrial property located at 98-60 Queens Boulevard in Rego Park has been sold for a price of $10,950,000. The property has a building square footage (BSF) of 34,400, resulting in a price per BSF of $318. The total square footage (SF) of the property is 15,500, with a price per SF of $706. The lot size is 10,000 square feet, and the lot dimensions measure 100 ft x 100 ft. The property falls under zoning classifications of R7-1 and C1-2, and its floor area ratio (FAR) is 1.55. The property's tax class is 4.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $10,950,000
• Market: Rego Park
• Buyer: RB Realty Capital
• Seller: Yassky Properties
• BSF: 34,400
• PPBSF: $318
• SF: 15,500
• PPSF: $706
• Lot Size: 10,000
• Lot Dimensions: 100 ft x 100 ft
• Zoning: R7-1, C1-2
• Tax Class: 4

RB Realty Capital was the buyer in this transaction, and Yassky Properties was the seller.