---
title: "Marcus & Millichap brokers sale of Ponce Bank Bronx headquarters for $16.25 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291183357.md"
description: "Marcus & Millichap brokered the $16.25 million sale of Ponce Bank's net-leased flagship headquarters in the Bronx. The deal, involving an all-cash buyer executing a 1031 exchange, implied a 6.1% cap rate. The property at 2244 Westchester Ave comprises 28,819 square feet on a 0.96-acre lot with 52 parking spaces."
datetime: "2026-06-29T19:42:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291183357.md)
  - [en](https://longbridge.com/en/news/291183357.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291183357.md)
generator: "portal-rs"
---

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

-   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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on June 26, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**