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2268 31st St
Astoria, NY 11105 Ditmars Steinway

$9,520,748 USD

Post Office For Sale  •  7,668 SF

Property Details

• Property Type Post Office
• Total Building Size 7,668 SF
• Lot Size 0.19 AC
• Building Class C
• Year Built 1931
• Cap Rate 5.75 %
• Zoning C4-3 & R5B

82 Transit Score

99 Walk Score

Highlights

Investment-Grade Credit | Leased to the United States Postal Service (USPS)

Stable Cash Flow with Built-In Growth | The net lease structure provides $547,443 in annual rent with a 15% rent escalation in 2029

35+ Years of Occupancy in Strategic Location | USPS Woolsey Station is one of the few dedicated postal facilities in Queens

Prime Urban Location | Located in the heart of Astoria, Queens, one of New York City’s most vibrant and densely populated neighborhoods

Fee Simple Ownership | Clean title with full control over land and building -- ideal for long-term hold, value-add, or redevelopment strategies

Air Rights & Redevelopment Potential | ±28,560 SF of available air rights with C4-3 and R5B zoning across an 8,400 SF land parcel presents significant

Property Flyers

USPS_QueensNY

Cap Rate:

5.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
United States Postal Service

Public Transportation

Commuter Rail	Drive	Walk	Distance
Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road)	6 min	-	2.6 mi
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road)	8 min	-	3.4 mi
Transit/Subway	Drive	Walk	Distance
Astoria-Ditmars Boulevard (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway))	0 min	2 min	0.1 mi
Astoria Boulevard (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway))	12 min	8 min	0.4 mi
30 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway))	2 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
LaGuardia	8 min	-	3.1 mi
John F Kennedy International	22 min	-	14.3 mi
Newark Liberty International	33 min	-	19.9 mi