The landmark Bronx General Post Office is for sale again; Developer asking for over $70 million

The Bronx General Post Office is back on the market with hopes to sell the property for well over $70 million.

Back in 2013, Welcome2TheBronx broke the story that the landmark Bronx General Post Office on the Grand Concourse at 149th Street was being sold off by the United States Postal Service.

By the following year, developer Young Woo & Associates purchased the massive property for $19 million and promised the community to turn the landmark into a destination filled with retail shops, offices, and restaurants, much like the borough’s own Chelsea Market—an idea first proposed by Welcome2TheBronx long before Young Woo’s purchase of the property.

But besides the restaurant on the rooftop, Zona de Cuba, the new space for the post office, and the restoration of the Ben Sha murals in the original lobby nothing ever came to fruition and the 172,000 square foot building has sat mostly vacant since and yet another symbol of broken promises in The Bronx—broken promises that have plagued the borough for our beloved landmarks like the Old Bronx Courthouse, and the Kingsbridge Armory.

Then in 2018, Welcome2TheBronx once again broke the story that Young Woo & Associates had decided to unload the property and by the following year it was in contract to be purchased by MHP and Banyan Street Capital for $70 million but the deal eventually fell through.

Five years later, the area is far different from what it was with thousands of units of luxury housing having been completed along the South Bronx Harlem River waterfront, 425 Grand Concourse at the site of the former PS 31 aka ‘Castle on the Concourse’, Bronx Point just three blocks away which will be the future home of the first Hip-Hop museum, and the Bronx Children’s Museum.

Perhaps the current owners hope to capitalize on all this recent activity in the area since its purchase for $19 million ten years ago and get the $70 million+ they’re hoping for.

Whatever the outcome, the space needs to be activated and put to good use for the local community.