Doron Pergament Puts Queens Luxury Apartment on the Market for $70M
B6 says that the property is enrolled in the 421-A tax abatement program
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.