Bank
Ponce Bank
2244 Westchester Ave, New York, NY 10462
Listing Price: $16,500,000
Investment Overview
Rare opportunity to acquire an absolute net lease Ponce Bank with no landlord responsibilities. This location has been operating for 25+/- years as its flagship bank branch and its corporate headquarters. The two-story bank property holds $220 million in deposits and is situated on a 41,778 square foot lot with 52 parking spaces in one of the country’s most densely populated areas.
Ponce Bank
Investment Highlights
- This branch currently holds $220,000,000 in deposits. It has served as Ponce Bank's flagship branch and corporate headquarters for 25 years. There are 12.75 years remaining in the base term.
- Surrounded by a population of over 312,000 residents with an average household income of over $68,000 within two miles and over 1,727,000 residents within 5 miles.
- Located directly in front of the Castle Hill Avenue subway station served by the 6 train; this stop sees over 1.1 MM annual riders. The Westchester Ave/Castle Hill bus stop is directly in front.
Exclusively Listed By
Financing By
Listing Price: $16,500,000
Investment Highlights
- This branch currently holds $220,000,000 in deposits. It has served as Ponce Bank's flagship branch and corporate headquarters for 25 years. There are 12.75 years remaining in the base term.
- Surrounded by a population of over 312,000 residents with an average household income of over $68,000 within two miles and over 1,727,000 residents within 5 miles.
- Located directly in front of the Castle Hill Avenue subway station served by the 6 train; this stop sees over 1.1 MM annual riders. The Westchester Ave/Castle Hill bus stop is directly in front.
Investment Overview
Rare opportunity to acquire an absolute net lease Ponce Bank with no landlord responsibilities. This location has been operating for 25+/- years as its flagship bank branch and its corporate headquarters. The two-story bank property holds $220 million in deposits and is situated on a 41,778 square foot lot with 52 parking spaces in one of the country’s most densely populated areas.
Exclusively Listed By
Financing By
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