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

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.

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