 NEW YORK, June 08, 2021 GLOBE NEWSWIRE -- PDL Community Bancorp the Company announces that on June 4, 2021, Ponce Bank the Bank, a subsidiary of the Company, completed the previously disclosed sale of real property that the Bank owned, located at 5560 Broadway, Bronx, New York the Real Property. The sale price of the Real Property was 5.7 million. The net book value of the Real Property as of April 30, 2021 was 1.1 million. As a result of the sale of the Real Property, the Company anticipates realizing a pre-tax gain of approximately 4.2 million. 