QUEENS — A Rego Park office building was recently sold for $31.2 million, nearly $5 million more than it sold for a decade ago, officials say.
The nearly 57,000-square-foot property, which includes commercial space on the ground floor and office/school space on the second floor, is currently home to Bank of America, New York Sports Club and DeVry College of New York.
Blumenfeld said that it also signed a long-term lease with Mount Sinai Hospital, which will move to the remaining vacant space in the building by early next year, according to the developer.
In a statement, Brad Blumenfeld, vice president of Blumenfeld Development Group, called the building “well positioned,” adding that it will “continue to be a benefit to the community.”
Vornado purchased the property from Ashkenazy Acquisition Corp. in 2005 for $26.5 million, city records show.
In recent years, Rego Park has been attracting new real estate deals as well as high-end developments — changing the face of the neighborhood and attracting new residents.