Acquisitions
Kenny Liu acquires Rego Park development site
Published on
Developer pays $30 million and files plans for residential building
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.
