NEW YORK—Doron Pergament has put a 126-unit luxury apartment building in Far Rockaway, Queens on the market at an asking price of $70 million.
The property is listed along with an adjacent 53,000-square foot development site that is located in a qualified opportunity zone, according to B6 Real Estate Advisors, which has been retained to sell the property.
The 15-story building was built in 2009 and renovated in 2016. In addition to the rent-stabilized apartments it also has one commercial medical office.
B6 also reports that the property is enrolled in the 421-A tax abatement program offering a next to zero tax bill in exchange for affordable housing.
The brokers handling the sale are Ben Efraimov, Andrew Winwood and Nikola Cosic.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
