2244 Westchester Ave - Office FOR SALE


Bronx, NY 10462- Unionport
$16,500,000 USD
646-996-3709
2244 Westchester Ave, Bronx, NY for Sale
$16,500,000 USD
Office - FOR SALE
1/17
null | 6.02% Cap Rate

2244 Westchester Ave
Bronx, NY 10462
Unionport


HIGHLIGHTS

  • This branch currently holds $220,000,000 in deposits. This branch has served as Ponce Bank's flagship branch and corporate headquarters for 25 years.
  • Surrounded by a population of 312,000+ residents with an average household income over $68,000 within 2 miles. Over 1,727,000 residents within 5 miles
  • Located directly in front of the Castle Hill Avenue subway station (1.1 million+ annual riders), across from the Westchester Ave/Castle Hill bus stop

OVERVIEW

Positioned on a sizable lot along Westchester Avenue, the property benefits from high visibility and continuous pedestrian and vehicular activity. Its strategic placement directly in front of the Castle Hill Avenue subway station, which records over 1.1 million annual riders, places the asset at the center of an established commuter corridor. It is also located across from the Westchester Ave/Castle Hill bus stop, enhancing multimodal access for local residents and workers.

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$553 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

R5, C1-2, C2-2

APN/PARCEL ID

03823-0007

ASK ABOUT THIS PROPERTY

Steven SiegelMarcus & MillichapMore Info
646-996-3709

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Steven SiegelMarcus & MillichapMore Info
646-996-3709

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.