Astoria Specialty for Sale - Northeast Queens
SAB Capital is pleased to present the exclusive offering of a single-tenant United States Postal Service (USPS) facility located in the heart of Astoria, Queens. This rare investment opportunity is secured by a net lease with one of the most stable and creditworthy tenants in the market—USPS, a constitutionally backed federal institution that has operated at this location since 1988. With over 35 years of continuous occupancy, the Woolsey Station serves as one of the few dedicated postal facilities in Queens, functioning as a vital last-mile logistics hub in a dense, high-demand urban setting. The property generates $547,443 in annual rent with a 15% escalation in the renewal option period, offering predictable income and long-term growth potential.
Strategically positioned just 25 yards from the Astoria-Ditmars Blvd subway station—the terminal stop on the N and W lines—the property enjoys unmatched transit connectivity and benefits from continuous foot traffic and urban energy. The surrounding neighborhood features over 1.5 million square feet of retail GLA within a half-mile, including the July grand opening of Target just down the block, reinforcing the strength and momentum of the local retail corridor.
Astoria is one of New York City’s most desirable and resilient neighborhoods, known for its cultural vibrancy, strong housing market, and accessibility. The area boasts over 96,600 residents within a one-mile radius, with average household incomes exceeding $134,000 and median home values over $1 million. More than 78% of the local workforce walks, uses public transportation, or works from home, underscoring the neighborhood’s urban, transit-oriented character and long-term relevance.
The offering also includes ±28,560 square feet of available air rights on an 8,400 SF land parcel zoned C4-3 and R5B, presenting investors with valuable future redevelopment potential. With clean, fee simple ownership and a prime infill location, this asset represents a low-risk, long-term investment backed by a federally guaranteed tenant and significant real estate fundamentals.
