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Astoria Post Office Trades for $7M

Ripco Real Estate completed the sale of the 7,668-square-foot Woolsey Station Post Office Building located at 2268 31st St. in Astoria, Queens for $7.35 million. The building, originally owned by Ditmars Associates LLC, a New York-based ownership group, sold to LG Astoria LLC.

Despite the chaos of the pandemic, Ripco broker Greg Batista was able to get an estoppel from the facilities specialist. This was the last item needed to make the closing happen.

Asked how he was able to get the estoppel, Batista said, “Persistence. I just had to keep making the phone calls to connect to the right person. Once I connected, the people at the post office were very cooperative and helped make it happen.”

Batista and his colleagues Todd Cooper and Mark Kaplan represented Ditmars Associates. The buyer didn’t use any brokers.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).