Tuesday, April 8, 2008

Rego Park's largest building sold for $75M

A partnership between New York real estate investment firm Vantage Properties and Philadelphia private equity firm Lubert-Adler went into contract last week to buy Rego Park's largest apartment building for about $75 million, a source close to the deal said. The property, known as Saxon Hall, is in contract for $180,000 per unit.

That's 417 hanging junkyards, folks.

Big Rego Park apartment building selling for $75 million

1 comment:

Anonymous said...

Soviet architecture at capitalist prices!