New York City · Commercial sale

Staples Tower buys 24-29 31 Street in Queens for $26.85 million

A retail building at 24-29 31 Street, Queens sold for $26,850,000 on September 18, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 28, 2026

Sold September 18, 2026 · New York, New York

Aerial view of 24-29 31 Street, Queens with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: NYC Department of Finance. The photo can predate the sale.

Sale price: $26,850,000
Sold: September 18, 2026
Property type: Retail building
Building area: 26,280 sq ft
Price per sq ft: $1,022
Year built: 1961

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 18, 2026

Seller's estimated net sheet

24-29 31 Street, Queens

Sale price	$26,850,000
Prorations
Property tax proration (refund to seller)	$345,923.63
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$107,400
NY State additional transfer tax (NYC non-residential $2M+)	$67,125
NYC real property transfer tax (commercial/other)	$704,812.50
Other costs
Wire / courier / payoff processing	$75
Total deductions	$881,162.50
Estimated net to seller	$26,314,761.13

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NetSheet.orgSeptember 18, 2026

Buyer's estimated net sheet

24-29 31 Street, Queens

Purchase price (cash)	$26,850,000
Title and settlement
Owner's title insurance policy	$83,453.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$345,923.63
Closing costs and prepaids	$431,877.18
Estimated cash to close	$27,281,877.18

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
Annual property tax estimated at 1.65% of price ($443,025).
Title and settlement fees are typical estimates, not quotes.

Selling in Queens?

New York City transfer tax and closing costs

The $26,850,000 sale price was 4.9 times the $5,465,000 market value on record, according to New York City Department of Finance records.

The retail building at 24-29 31 Street in Queens sold on September 18, 2026, according to the department’s ACRIS property records. The record lists 2441 Astoria Associates, LLC as the seller and Staples Tower LLC as the buyer.

Department records show 26,280 square feet of building area, a build year of 1961 and a 0.69-acre lot. At that size, the price works out to $1,022 per square foot.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in New York City?

By our estimate, the seller's two largest charges, not counting prorations, were $704,812.50 for the nYC real property transfer tax (commercial/other) and $107,400 for the nY State real estate transfer tax. Who pays what follows New York City custom.

How much did the seller net?

By our estimate, the seller netted about $26,314,761. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $27,281,877 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

24-29 31 Street, Queens, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026092200046001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.