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Brokerage
Posted: December 22, 2015
Westreich and Vaknin of Westbridge Realty broker $4.2 million sale; Seven-story rental property located in Rego Park, Queens
Steven Westreich, Westbridge Realty GroupQueens, 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
64 Wetherole Street,Rego Park - Queens, NY
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.
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