PRICING & YIELD: Offered at $16,500,000, reflecting a 6.00% capitalization rate on current net operating income

SECURE, LONG-TERM INCOME: This Branch currently holds $220,000,000 in deposits. This branch has served as Ponce Bank’s flagship branch and corporate headquarters for 25 years. There are 12.75 years remaining in the base term of the current lease with annual escalations on a per square foot basis.

DENSE, URBAN INFILL LOCATION: 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.

STRONG TRANSPORTATION CONNECTIVITY: This location has direct access to Manhattan. Located directly in front of the Castle Hill Avenue subway station served by the 6 train; this stop sees over 1.1 million annual riders and continues to trend positively year over year. Also in front of the property is the Westchester Ave/Castle Hill Ave bus stop, served by the BX4, BX4A, BX36, BX39, and Q44-SBS bus lines. The site is approximately 1.5 miles from the Cross Bronx Expressway (I-95) and about 2.5 miles from the Bruckner Expressway (I-278/I-95), offering convenient regional access throughout the Bronx, Manhattan, Queens, and Westchester County.

ESTABLISHED BRONX RETAIL CORRIDOR: Positioned on Westchester Avenue, a major Bronx thoroughfare, the property is located within walking distance to the Throggs Neck Shopping Center and Ferry Point Park, and just a short drive from the Bronx Zoo and the New York Botanical Garden.

RARE PARKING AMENITY: Situated on a 0.959-acre lot with 32 parking spaces, a rare amenity in the densely populated Bronx, the property is easily accessible by car

TIGHT RETAIL SUPPLY & COMPARABLE SUPPORT: Located in a high barrier-to-entry retail sub-market with low vacancy and limited inventory.