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Acquisitions

Kenny Liu acquires Rego Park development site

Developer pays $30 million and files plans for residential building

98-04 63rd Road (Credit: Google Maps)

Kenny Liu has acquired a development site at 98-04 63rd Road from the Church of Our Lady of the Angelus for $30 million, according to PincusCo. The deal included additional development rights allowing for the construction of an 177,376 SF residential building on the vacant lot.

Be Smart: The site was in contract for over two years because a deal with a nonprofit entity must be reviewed and approved by the State Supreme Court. It’s located on 98th Place in the Rego Park neighborhood of Queens.

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