Bayside Queens retail site at 39-20 Bell Blvd. sells for $14.3M

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Representatives for SJS Management could not be reached for comment.

The property includes some small offices on the second floor in addition to the Walgreens and the Mad for Chicken restaurant, Feijoo said.

It is the first recorded deed transfer for 39-20 Bell Blvd. dating back to 1971, property records show.

There has been a fairly steady flow of investment sales in Queens in recent months, including Prologis buying an industrial site at 46-81 Metropolitan Ave. in Maspeth for about $42.7 million, Taconic Capital buying a former hotel at 11-01 43rd Ave. in Long Island City for about $38.4 million and Glacier Equities making a $22.5 million bulk condo purchase at 148-09 Northern Blvd. in Flushing.

The city recorded a total of 2,579 investment sales worth about $21.4 billion last year amid the Covid-19 pandemic, according to a report from the Real Estate Board of New York. Both figures were down sharply from 2019.

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