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    2244 Westchester Ave Bronx, NY 10462

    For Sale
    Contact for pricing

    Two-story retail and office asset in the Bronx.

    Property size:
    29,819 SF
    Lot size:
    0.96 Acres

    Property Features for 2244 Westchester Ave

    General Information

    Size
    29,819 SF
    Lot size
    0.96 Acres

    Source: Lee & Associates | New York City Agent Ben Tapper

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bronx Retail and Office Asset

    The property at 2244 Westchester Avenue, Bronx, NY 10462 is a two-story retail and office asset. It has a size of approximately 30,000 square feet and is situated on a lot of approximately 40,470 square feet. The property features dedicated parking (approx. 0.275 acres) and has over 300 feet of frontage on Westchester Avenue. The property is entirely leased to Ponce Bank (PDL Community Bancorp) with a lease expiration date of November 30, 2038, with annual 1.75% rent increases. The long term triple-net lease provides investors consistent and predictable cashflow with annual growth and provides an ideal headquarter location and credit tenancy.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ponce Bank Headquarters Bank Ponce Bank, Westchester ... Bank ponce deleon foundation Foundation Ponce Bank Bank

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8496
    Latitude
    40.834143

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    FAQs

    What type of property is this?
    Bank - Two-story retail and office asset in the Bronx.
    Where is this bank located?
    The property is located at 2244 Westchester Ave Bronx, NY.
    What are key features of this property?
    This property features: - Long-term triple-net lease to Ponce Bank expiring November 30, 2038, providing consistent and predictable cash flow.; - Located on Westchester Avenue, a prominent retail corridor in the Bronx with over 300 feet of frontage.; - Entirely leased to Ponce Bank, offering a credit tenancy and ideal headquarter location.
    (212) 776-1200
    Request Owner's contact information
    2244 Westchester Ave Bronx, NY 10462
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    Bronx, NY 10462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2244 Westchester Ave Bronx, NY 10462
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