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2244 Westchester Ave Bronx, NY

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Two-story retail and office asset in the Bronx.

Type:RETAIL
Property size:
29,819 SF
Lot size:
0.96 Acres
Added:
Feb 29, 2024
Days on Market:
782
Last Refresh:
Apr 5 at 10:12 pm

Property Features for 2244 Westchester Ave

General Information

Standard status
Active
Size
29,819 SF
Lot size
0.96 Acres
Property subtype
RETAIL

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Listing Contact
Ben Tapper

Listing agent Ben Tapper

Listing office Lee & Associates | New York City

Listing date Feb 29, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | New York City


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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Ponce Bank Headquarters Bank Ponce Bank, Westchester ... Bank ponce deleon foundation Charitable Organization Ponce Bank Bank

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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
40.8341

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 Call to check price and availability
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