Westreich and Vaknin of Westbridge Realty broker $4.2 million sale; Seven-story rental property located in Rego Park, Queens

Queens, NY Westbridge Realty has brokered the $4.2 million sale of 64-64 Wetherole St. in Rego Park.

The seven-story newly constructed 10,465 s/f building features eight residential apartments, built as a rental property. 

The property was delivered vacant with a 421-a tax abatement in place.

“With a lot of uncertainty surrounding rent-stabilization regulations, this property offered the buyer the ability to command free market

rents, with a potential exit as a condo sell off down the line,” said Steven Westreich, president of Westbridge Realty Group who brokered the

off-market transaction with Westbridge’s Hen Vaknin.