2244 Westchester Avenue Listing Details & Market Data

2244 Westchester Avenue, Bronx, NY 10462

  • For Sale CALL FOR PRICING
  • Property Type Retail - Freestanding
  • Property Size 29,819 SF
  • Units 1
  • Lot Size 0.93 Acre
  • Parking Spaces Avail. 32
  • Parking Ratio 1.07 / 1,000 SF
  • Property Tenancy Single Tenant
  • Year Built 1970
  • Date Updated Feb 27, 2024
Lee & Associates NYC is pleased to present exclusively for sale the single tenant triple-net leased asset located at 2244 Westchester Avenue, Bronx, NY 10462 (“the Property”). Situated on a lot of approximately 40,470 square feet, the two-story retail and office asset spans approximately 30,000 square feet and features ample dedicated parking (approx. 0.275 acres) with over 300 feet of frontage on Westchester Avenue, a prominent retail corridor in the Bronx. 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.

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Attachments

Highlights

  • U.S. Corporate HQ with retail branch since 1995
  • Over $1.25 Billion in bank-wide deposits
  • Large lot size with over 300' of frontage on Westchester Avenue
  • Annual 1.75% rent increases
  • Ample parking (approx. 12,000 sq. ft.) to accommodate both retail traffic and office tenancy
  • Long-term, predictable cashflow with a remaining lease term of over 14 years
  • Prominent location at the intersection of Westchester Avenue and Castle Hill Avenue, steps from the Castle Hill Avenue subway station

Contacts

broker

Ben Tapper

Lee & Associates - New York

(646) 658-7334

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (97)

  • Transit Score ®

    Rider's Paradise (93)

  • Bike Score ®

    Bikeable (59)
Powered by Walk Score ®
  • City Bronx, NY
  • Neighborhood Unionport
  • Zip Code 10462
  • Market Bronx

Points of Interest

  • Castle Hill Avenue

    0.04 miles

  • Castle Hill Avenue NE Corner

    0.05 miles

  • Castle Hill Avenue SW Corner

    0.06 miles

  • Zerega Avenue

    0.29 miles

  • Parkchester

    0.54 miles

  • Westchester Square–East Tremont Avenue

    0.59 miles

  • Saint Lawrence Avenue

    0.88 miles

  • Middletown Road

    1.02 miles

  • Morrison Avenue–Soundview

    1.29 miles

  • East 180th Street

    1.31 miles

  • Gulf

    0.11 miles

  • Sunoco

    0.21 miles

  • Citgo

    0.63 miles

  • Gulf

    0.66 miles

  • BP

    1.04 miles

  • Gulf

    1.15 miles

  • Mobil

    1.18 miles

  • Shell

    1.52 miles

  • Gulf

    1.95 miles

  • BP

    1.99 miles

  • Asia Parking

    1.61 miles

  • Bronx River Parking

    1.75 miles

  • Southern Boulevard Parking

    1.97 miles

  • Department of Sanitation District 6 Garage

    2.10 miles

  • Little Man Parking

    2.23 miles

  • Fordham Regional Parking Facility

    2.38 miles

  • P & P Car Parking

    2.40 miles

  • Parking Area A

    2.44 miles

  • Kelly Street Parking

    2.52 miles

  • Concourse Plaza Garage

    3.70 miles

  • Texas Chicken & Burgers

    0.07 miles

  • Havana Cafe

    0.08 miles

  • Wendy's

    0.12 miles

  • Taqueria Tlaxcalli

    0.27 miles

  • Cross Bronx Pizza

    0.27 miles

  • George's Diner

    0.28 miles

  • Jerry's Pizza

    0.28 miles

  • Dunkin'

    0.30 miles

  • El Sazon de Olga

    0.40 miles

  • Pancho's

    0.40 miles

  • A world of Spice

    0.08 miles

  • C Town

    0.54 miles

  • Bonavita Market

    0.63 miles

  • Dollar Tree

    0.67 miles

  • Bravo

    0.76 miles

  • Deli

    0.84 miles

  • Target

    0.96 miles

  • Stop & Shop

    0.97 miles

  • Throggs Neck Shopping Center

    0.99 miles

  • Big Deal Food Market

    1.02 miles

Contact Listing Broker

broker

Ben Tapper

Lee & Associates - New York

(646) 658-7334