Log In/Sign Up
Your email has been sent.
2244 Westchester Ave 29,819 SF Office Building Bronx, NY 10462 $16,500,000 ($553.34/SF) 6.02% Cap Rate
Investment 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.
- 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
- 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
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
29,819 SF
Building Class
A
Year Built
1970
Price
$16,500,000
Price Per SF
$553.34
Cap Rate
6.02%
NOI
$992,648
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
14,910 SF
Building FAR
0.71
Lot Size
0.96 AC
Zoning
R5, C1-2, C2-2
Parking
52 Spaces (1.74 Spaces per 1,000 SF Leased)
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03823-0007 | Improvements Assessment | $2,223,360 |
| Land Assessment | $200,250 | Total Assessment | $2,423,610 |
Property Taxes
Parcel Number
03823-0007
Land Assessment
$200,250
Improvements Assessment
$2,223,360
Total Assessment
$2,423,610
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2244 Westchester Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.