88 The QUEE NS Courier • SEPTEMBER 17, 2015 for breaking news visit www.queenscourier.com All-cash deal for Bayside building sets price-per-square-foot record THE COURIER/Photo by Alina Suriel Cushman & Wakefield set a record in selling this commercial building on Bell Boulevard, currently leased to Lucille Roberts gym, in an all-cash deal. BY ROBERT POZARYCKI rpozarycki@queenscourier.com @robbpoz Buying a building on Bayside’s Bell Boulevard cost the area’s newest property owner a record-setting bundle. Cushman & Wakefield announced on Sept. 14 it brokered a $4 million all-cash deal for 41-19 Bell Blvd., a single-story building currently leased to Lucille Roberts gym. Measuring a total of 4,648 square feet, the new owner– AB Capstone– paid $860.59 per square foot, which the broker called a new record for the area. The building is located in the heart of a bustling retail area and within walking distance of the Bayside Long Island Rail Road station. Its commercial and residential zoning allows for the owner to build up to 11,426 square feet on the site. “Bayside has been generating a lot of attention from local and foreign investors looking to capitalize on the upside in the area,” said Stephen R. Preuss of Cushman & Wakefield, who exclusively brokered the deal. “This property has tremendous add-on value with below-market rent and development rights which fueled our marketing and allowed us to procure a buyer at a record-breaking price.” It’s unknown as of yet whether the new owners plan on altering the property. According to sources, AB Capstone plans to continue Lucille Roberts’ lease. White Star Limousine was founded in 1952 and has been family owned and operated for over three generations. Ask us about the specials we o er for you next special event WWHITESTAR LIMOUSINES 20 Jericho Turnpike, New Hyde Park, NY 516.233.2911 www.whitestarlimousine.com Rego Park Jewish Center HEBREW SCHOOL YOUR CHILD DESERVES TO KNOW HIS/HER HERITAGE • Hebrew Reading, Writing • Blessings & Prayers • Torah Readings of the Week • Holidays, History, Traditions • Student & Family Holiday Programs • Bar / Bat Mitzvah Program • Individual Attention • Appreciation for Israel *FREE TUITION FOR THE FIRST YEAR (6 or 7 year olds) *Small Materials Fee School hourS: Thursday 3:30pm - 5pm (ages 8-10) 5:30pm - 7pm (ages 11-12) Sunday 9:30am - 12pm (ages 8-12) 10am - 12pm (ages 6-7) Tuition & Confidential Fees Assistance available TO REGISTER, OR FOR FURTHER INFORMATION, CALL 718-459-1000 OR E-MAIL: MorahRobin.RPHS@gmail.com or vfrankel36@gmail.com 97-30 QUEENS BOULEVARD (at 65th Road) 718-459-1000
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