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450 Timpson Place

Anthony Reyes Of Savion Energy Sells Industrial Asset At 450 Timpson Place In Bronx For $8.2M
SOLDIndustrial

Anthony Reyes Of Savion Energy Sells Industrial Asset At 450 Timpson Place In Bronx For $8.2M

450 Timpson Place

$8,200,000

$188/SF

Building Size

43,500 SF

Asset Type

Industrial

Closing

Apr 28, 2025

AI

The property involved in the transaction is an industrial asset located at 450 Timpson Place in the Bronx. The total sale price was $8,200,000. The building spans a total of 43,500 square feet, resulting in a price per square foot of $188.

Summary of transaction details:

Ariel Castellanos and Fredric Stein successfully represented both the buyer and seller in this transaction. Post-sale, the property is now available for lease, with all divisions considered. For inquiries, reach out to [email protected].

Players

Fredric Stein

Pinnacle Realty of New York

Broker

$162.7M

vol

7 deals

Broker

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93