USPS Shells Out $6.5 Million To Keep Notorious Bushwick Post Office

The U.S. Postal Service has officially bought the Bushwick Station at 1369 Broadway for $6.5 million, according to city deed filings recorded this week. The deal locks in a long-running neighborhood post office that locals lean on for passports, P.O. boxes and the daily grind of package pickup.

City deed records show the one-story retail building changed hands for $6.5 million, as first reported by Crain's New York Business. The reporting identifies real estate investor Yoram Eliyahu as the seller.

About the building

The single-story property at 1369 Broadway clocks in at roughly 16,355 square feet and is listed in commercial property records with the U.S. Postal Service as the Bushwick Station. Historical sales and tax data show the building sold about a decade ago for somewhere in the mid-millions, a snapshot of how sharply neighborhood storefront values have moved over time. Commercial listings back up the parcel size and basic specs, and LoopNet provides the listing and parcel information.

Why the purchase matters

The timing of the deal turns heads because the Postal Service has been posting multibillion-dollar GAAP losses in recent years. The agency reported a $9.5 billion net loss for fiscal 2024, according to its own financial disclosures. In that context, buying instead of leasing a heavily used retail site starts to look like a defensive play against rising commercial rents and potential landlord flare-ups as the agency rethinks its brick-and-mortar footprint. For full financial details, see the fiscal report from the U.S. Postal Service.

Legal fight over the property

Overlaying the real estate story is a legal one. Reporting indicates the seller has argued he was effectively pushed into the sale and has taken legal action tied to the property. Court filings connected to the Broadway address reflect litigation over a decades-old lease and allegations that the Postal Service breached lease obligations, according to publicly available federal court documents. The complaint and related filings can be found on Justia, along with further detail in local coverage.

What customers can expect

For now, operations at Bushwick Station look steady. The Broadway location remains listed in Postal Service local releases and has been used for passport services and community job fairs, which points to business as usual continuing under USPS ownership. Past USPS local notices highlight the address as a hub for neighborhood outreach and hiring events, signaling continuity of service even as the deed changes hands. The U.S. Postal Service previously listed Bushwick Station at this address for local events.

For Bushwick residents, the purchase cuts the risk of a sudden relocation and at least some of the drama that can come with landlord disputes. At the same time, it underscores the tightrope the Postal Service is walking as it spends on real estate while working through a long and expensive climb toward fiscal stability.