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

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].