2244 Westchester Ave Bronx, NY
Call to check price and availability
Two-story retail and office asset in the Bronx.
Type:RETAIL
Property size:
29,819 SFLot 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
Listing agent Ben Tapper
Listing office Lee & Associates | New York City (212) 776-1200
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
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8496
- Latitude
- 40.8341
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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.
