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Altmark Group Acquires Industrial Property In Port Morris, Bronx For $10.1M

450 Timpson Place
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This Industrial property located in NY was sold for $10,100,000 almost 2 years ago. The broker of the deal was Kevin Esh

The industrial property located at 450 Timpson Place in Port Morris, Bronx, has been sold for a price of $10,100,000. The asset, zoned as M1-3, spans across 42,500 square feet. The buyer, Altmark Group, acquired the property from JLB Realty. The transaction was facilitated by Kevin Esh from Esh Property Group.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,100,000
  • Market: Port Morris, Bronx
  • Address: 450 Timpson Place
  • Zone: M1-3
  • Square Footage: 42,500

Altmark Group purchased the property, with Kevin Esh representing them as their broker from Esh Property Group. The industrial property offers substantial space for various uses, including industrial or community facility use. It currently features a 27,000 square feet warehouse and 15,500 square feet of parking space. For leasing information, interested parties can contact Oren Altmark at (718)401-1511 Ext: 207 or visit www.altmark.com.

In addition to this transaction, Esh Property Group is looking to hire interns interested in acquisitions and multifamily development. Prior experience is not required but would be an advantage. For more information, interested applicants can reach out to [email protected].

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Deals
  • Location
    450 Timpson Place450 Timpson Place
  • Sale Price
    $10,100,000$10,100,000
    $237 PPSF$237 PPSF
  • Area
    42,500 SF42,500 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker1 Broker

Agent

Kevin Esh

Kevin Esh

Deals4
Sold$34.4M

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Deal Summary

SALE DATE: 04/13/2022 ADDRESS: 450 Timpson Place MARKET: Port Morris, Bronx ASSET TYPE: Industrial ~ ZONING: M1-3 BUYER: Altmark Group (@AltmarkGroup) SELLER: JLB Realty BROKER: Kevin Esh (@Kevin_Esh) - Esh Property Group (@EshPropertyGroup) SALE PRICE: $10,100,000 SF: 42,500 ~ PPSF: $238 NOTE FROM @AltmarkGroup : Full acre site currently available for lease - Industrial or Community facility use. 27,000 SF Warehouse Existing with 15,500 of parking. Call Oren Altmark for leasing information. All brokers welcome and encouraged. ☎️ (718)401-1511 Ext: 207 www.altmark.com Esh Property Group is looking to hire interns interested in acquisitions and multifamily development. Prior experience is not necessary but a plus. Please reach out to [email protected]

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