Marcus & Millichap brokers sale of Ponce Bank Bronx headquarters for $16.25 million

Marcus & Millichap, Inc.
Ponce Financial Group Inc

Marcus & Millichap, Inc.

MMI

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Ponce Financial Group Inc

PDLB

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  • Marcus & Millichap brokered the USD 16.25 million sale of Ponce Bank’s net-leased flagship headquarters property in the Bronx.
  • Deal pricing implied a 6.1% cap rate following a competitive bid process; buyer was an all-cash 1031-exchange investor.
  • Asset at 2244 Westchester Ave. spans 28,819 square feet on a 0.96-acre lot; includes 52 parking spaces.


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