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469 Timpson Place

Urban Pathways Acquires Development Site On Timpson Place In Bronx For $5.5M
SOLDDevelopment Site

Urban Pathways Acquires Development Site On Timpson Place In Bronx For $5.5M

469 Timpson Place, 834 East 147th Street & 836 East 147th Street

$5,500,000

Building Size

Asset Type

Development Site

Closing

May 9, 2024

AI

The development site located at 469 Timpson Place, 834 East 147th Street, and 836 East 147th Street in Bronx has been sold for $5,500,000. The property spans across 71,000 square feet and was acquired by Urban Pathways from seller Steven Westreich.

Summary of transaction details:

Samuel Hartstein from Gemstone Realty Group facilitated the transaction as the broker representing the parties involved in the sale of this development site.

Players

Samuel Hartstein

Gemstone Realty Group

Broker

$5.5M

vol

15 deals

Broker

Bronx Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93