The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

Two contiguous mixed-use buildings at 39-32/34 Bell Boulevard, located between 39th and 41st Avenues in the Bayside neighborhood of Queens, was sold in a transaction valued at $3,800,000.
The two, two-story buildings total approximately 5,200 square feet on a 37’ x 82’ lot.  Fully-leased, they combine for two retail stores and four residential units.  Recent updates to the properties include high-end gut renovations for each apartment, new cement walkways, and upgraded interiors.  The sale price equates to approximately $731 per square foot.

Bell Boulevard is the busiest thoroughfare in Bayside, full of restaurants, bars, shops, and other neighborhood amenities.  The buildings are one block from the Bayside LIRR station and have direct access to major thoroughfares including Northern Boulevard, Clearview Expressway, and Cross Island Parkway.

“Through extensive marketing and presence on Bell Boulevard, we were able to achieve a record price per square foot for this asset type in Bayside. The package provides great upside for the investor in an area that is continuing to see an abundance of attention in the real estate world,” said Cushman & Wakefield’s Stephen R. Preuss, who exclusively represented the seller in this transaction.  The buyer was represented by Jimmy J. Ma of Golden Bridge Realty.

Click here for press release

Neighborhoods: Bayside/ Agents: Stephen Preuss