Updated Dec 21, 2023
Stacy Wolfe & Sheri Bleustein Acquire Industrial Property In Mott Haven For $4.7M
461 Timpson Place, West Bronx, Bronx, NY, USA
$4,700,000
$295/SF
Building Size
15,931 SF
Asset Type
Industrial
Closing
Jul 15, 2021
About this deal
AI
The industrial property located at 461 Timpson Place in Mott Haven has been sold for a price of $4,700,000. It spans across a total square footage of 15,931, with a price per square foot of $295. The building has a total of 35,800 buildable square feet, resulting in a price per buildable square foot of $131. The property is zoned as M1-2, allowing for industrial use. The lot dimensions measure 241.67 feet by 161.64 feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,700,000
- Market: Mott Haven
- Zoning: M1-2
The buyer of the property is Stacy Wolfe & Sheri Bleustein, while the seller is Marc A. Borak.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93