Rare Prewar Apartment Portfolio Listed in Rego Park
B6 Real Estate Advisors has been retained as the exclusive agents of sale for a group of 18 prewar Queens multifamily buildings known as The Rego Park 18 Portfolio. With an asking price of $210 million, the grouping is only the third portfolio of this scale to come to market in Rego Park or the neighboring Forest Hills neighborhood in 50 years.
A B6 team of Thomas Donovan, Eugene Kim, Tommy Lin and Robert Rappa is marketing the 553-unit portfolio, which sits in a designated Opportunity Zone, on behalf of Queens Park Realty Corp. The Rego Park 18 has been owned for more than 75 years by the same family, who originally purchased the properties from their builder.
The firm notes that investor interest in Queens multifamily portfolios remains strong. Blackstone, for example, acquired Jack Parker Corporation’s Parker Towers in Forest Hills for $500 million in 2018.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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