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:
- Property Type: Industrial
- Transaction Amount: $8,200,000
- Building Size: 43,500 square feet
- Price per Square Foot: $188
- Seller: Anthony Reyes - Savion Energy
- Brokers: Ariel Castellanos & Fredric Stein - Pinnacle Realty of New York
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
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