WOODSIDE — A developer that owned the famed Hotel Chelsea for a contentious two-year period has purchased the Entenmann's Bakery Outlet site on Queens Boulevard for $11.8 million, according to the firm that brokered the sale.
The Chetrit Group — which is developing a massive residential complex in The Bronx, as well as a hotel and apartment tower at Hudson Yards — bought the property at 70-50 Queens Blvd. near 72nd Street on June 15.
Marcus & Millichap, which brokered the deal, said the new owner has no current plans for the site, which contains the one-story bakery outlet building and an adjacent parking lot.
The property, which sits on the border between Woodside and Elmhurst, is zoned to allow for apartments and retail, and the owner could potentially build up to 72,581 square feet there as of right, according to the real estate firm.
Broker Matthew Fotis said the seller received "multiple offers" on the site from developers looking to build their first project in Queens.
"Neighborhoods like these where developers predict growth in the next few years are being valued at less of a discount compared to more well-established neighborhoods," he said in a statement. "This sale is symbolic of how the boundaries are being pushed outside of Long Island City, Astoria and even Sunnyside."
Entenmann's lease on the space expires at the end of the month, according to a rep for Marcus & Millichap.
But the bakery outlet — which sells discounted pastries and other baked goods — reportedly closed last week, according to reviewers' posts on its Google page. Calls to the location went unanswered Tuesday.
The Chetrit Group did not immediately return a message seeking comment on the sale.
The developer previously made headlines when it purchased the Hotel Chelsea in 2011, launching a renovation project that tenants said created hazardous living conditions. Chetrit sold the West 23rd Street hotel two years later.
