Osher Niyazov Of REDA Group Acquires Mixed-use Building In Rego Park For $9.4M

A mixed-use building located at 97-04 63rd Road in Rego Park, Queens, has been sold for $9,400,000. The property encompasses a total building size of 14,100 square feet and has a building square footage (BSF) of 38,889. The price per square foot (PPSF) is $667, while the price per BSF (PPBSF) is $242.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $9,400,000
• Address: 97-04 63rd Road
• Market: Rego Park, Queens
• Buyer: Osher Niyazov - REDA Group
• Seller: Francis C. Grant III - Minskoff Grant Realty & Management Corp
• Building Size: 14,100 SF
• BSF: 38,889
• PPBSF: $242
• PPSF: $667

REDA Group, through Crown Rego LLC, completed this transaction with Minskoff Grant Realty & Management (Fields 97 LLC). The agreement was signed on January 14, 2026, and the closing occurred on March 20, 2026.