Rego Park has one of the strongest rental markets in central and eastern Queens, and developers are finally starting to take notice. Last week, YIMBY spotted plans for a 12-story, mixed-use building at 63-98 Wetherole Street, a couple blocks south of Queens Boulevard.
The development would replace two attached brick houses between 63rd Drive and 64th Road. The building would have 28 apartments across 20,889 square feet, creating average units that measure 746 square feet.
There would be a 6,100-square-foot daycare in the cellar and first floor, followed by a mezzanine level for the daycare and an outdoor terrace on the second floor. Apartments would start on the third story, and most floors would include four units apiece. Several apartments would be duplexes.
An eight-car garage would occupy the lowest level of the basement, which offers enough parking to satisfy the city’s requirements. But residents likely won’t need cars, because there are grocery stores, shops, and a library around the corner on 63rd Drive. Plus, the 63rd Drive-Rego Park stop on the M and R trains is only a few blocks away.
Flushing-based Jiqing Yue is listed as the owner. He purchased the 6,100-square-foot site for $595,000 in 2004, or only $22 for each square foot of his planned building. He’s tapped Yi Xia’s Fleet Architects, also headquartered in Flushing, to design the project.