Saxon Hall sold for $74M

Vantage Properties, an owner and manager of residential real estate in New York City, closed on the largest rental apartment building in Rego Park, Queens, for $74 million on Wednesday, the company said.

The sale price was $1 million less than the price announced in April when the 417-unit building, known as Saxon Hall and located at 62-60 99th Street, went into contract.

The average price per unit was about $177,000 for the building, which is mostly rent-stabilized.

Vantage buys Rego Park apartment building for $74 million