Dec. 18, 2018 By Nathaly Pesantez
An auto dealership has purchased a corner Northern Boulevard site once home to a Speedway gas station, the LIC Post has learned.
Bay Ridge Automotive Management, a New Jersey-based company with more than 20 dealerships in Brooklyn, Queens and throughout the tri-state area, purchased the 39-04 Northern Blvd. site for $31 million last month, records show.
The sale comes after Speedway put the Northern Boulevard property for sale along with another gas station less than a mile away on Queens Boulevard earlier this year.
Speedway, meanwhile, began to decommission the site in October, although no property transfer information was available at the time.
The purchaser, also known as the BRAM Auto Group, is behind the Lexus dealership of Queens next to the Northern Boulevard purchase.
While likely to become another dealership, the exact plans for the corner property are unclear. The BRAM Auto Group was unable to be reached by press time for comment on its purchase.
The BRAM Auto Group’s recent transactions include the sale of an 11th Avenue “Lexus of Manhattan” dealership to CBSK Ironstate, a developer, for more than $93 million earlier this year. The developer, meanwhile, has plans to bring a 12-story condo to the site.