Mixed-use residential building planned for Rego Park

Project will feature 116 apartments

Jul.July 24, 2018 11:00 AM

A rendering of 98-04 Queens Boulevard in Rego Park (Credit: Peter Casini Architect)

A new 23-story, residential mixed-use project may soon rise in Rego Park.

Avi Matatov pre-filed plans for 98-04 Queens Boulevard, calling for 116 apartments across nearly 137,000 square feet, Yimby reported. Another 25,000 square feet on the ground floor will be dedicated to retail while about 30,000 square feet will be set aside for a community facility. The building will also feature a 411-car garage.

SLCE Architects is the architect of record.

Matatov, who runs a jewelry business in Midtown, purchased the property in January for $12 million, under the name RB Realty Capital.

Investors have been flocking to Rego Park. The number of applications for residential units in Rego Park increased 116 percent to 190 in 2017 from 88 units in 2008, according to an analysis by The Real Deal. [Yimby] — Kathryn Brenzel

Related Articles

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand