The Real Deal New York

Mixed-use residential building planned for Rego Park

Project will feature 116 apartments
July 24, 2018 11:00AM

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