Ponce Financial Group Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
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Item 2. Properties
As of December 31, 2024, the net book value of the Company’s office properties including leasehold improvements was $12.9 million, and the net book value of its furniture, fixtures and other equipment and software was $3.9 million. The Company’s and Bank’s executive offices are located at 2244 Westchester Avenue, Bronx, New York.
The following table sets forth information regarding the Company’s offices as of December 31, 2024.
| Location | Leased orOwned | Year Acquiredor Leased | Net Book Value ofReal Property |
|---|---|---|---|
| (in thousands) | |||
| Main Office: | |||
| 2244 Westchester Avenue | Leased | 2021 | $272 |
| Bronx, NY 10462 | |||
| Other Properties: | |||
| 980 Southern Blvd. | Leased | 1990 | 596 |
| Bronx, NY 10459 | |||
| 37-60 82nd Street | Leased | 2021 | 37 |
| Jackson Heights, NY 11372 | |||
| 51 East 170th Street | Leased | 2018 | 615 |
| Bronx, NY 10452 | |||
| 169 Smith Street | Leased | 2021 | 102 |
| Brooklyn, NY 11201 | |||
| 207 East 106th Street | Leased | 2006 | 1,235 |
| New York, NY 10029 | |||
| 2244 Westchester Avenue | Leased | 2021 | 485 |
| Bronx, NY 10462 | |||
| 5560 Broadway | Leased | 2021 | 1,359 |
| Bronx, NY 10463 | |||
| 34-05 Broadway | Leased | 2001 | 693 |
| Astoria, NY 11106 | |||
| 3821 Bergenline Avenue | Leased | 2021 | 38 |
| Union City, NJ 07087 | |||
| 1900 Ralph Avenue | Leased | 2007 | 405 |
| Brooklyn, NY 11234 | |||
| 20-47 86th Street | Owned | 2010 | 3,249 |
| Brooklyn, NY 11214 | |||
| 100-20 Queens Boulevard | Leased | 2010 | 75 |
| Forest Hills, NY 11375 | |||
| 319 1st Avenue | Leased | 2010 | 292 |
| New York, NY 10003 | |||
| 32-75 Steinway Street | Leased | 2020 | 70 |
| Astoria, NY 11103 | |||
| 2612 East 16th Street | Leased | 2020 | — |
| Brooklyn, NY 11235 | |||
| 42 South Washington Avenue | Leased | 2020 | — |
| Bergenfield, NJ 07621 | |||
| 135-14 Northern Blvd. | Owned | 2020 | 3,412 |
| Flushing, NY 11354 | |||
| 1600 Ponce de Leon Boulevard | Leased | 2024 | — |
| Coral Gables, FL 33134 | |||
| $12,935 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.