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Bronx Shores Energy Storage Acquires Industrial Property In Bronx - Port Morris From Altmark Group For $19M

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This Industrial property located in NY was sold for $19,000,000 about 1 year ago. The broker of the deal was Richard MacDougall

The industrial property located at 450 Timpson Place in Bronx - Port Morris was recently sold in a transaction valued at $19,000,000. The property spans 42,500 square feet, resulting in a price per square foot of $447. The buyer of the property was Bronx Shores Energy Storage, while the seller was Altmark Group. The deal was facilitated by Richard MacDougall from Breslin Realty.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $19,000,000
  • Square Footage: 42,500
  • Price Per Square Foot: $447
  • Buyer: Bronx Shores Energy Storage
  • Seller: Altmark Group
  • Broker: Richard MacDougall - Breslin Realty

The Altmark Group, the seller in this transaction, had originally purchased the property for $10,100,000. They are actively seeking acquisition and lending opportunities in the Bronx, Palm Beach County, as well as the five boroughs and Lower Westchester. For any opportunities, interested parties can contact Altmark Group at [email protected].

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Deals
  • Location
    450 Timpson Place450 Timpson Place
  • Sale Price
    $19,000,000$19,000,000
    $447 PPSF$447 PPSF
  • Area
    42,500 SF42,500 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Richard MacDougall

Richard MacDougall

Deals1
Sold$19M

Agency

Breslin Realty

Breslin Realty

Agency
Deals1
Volume$19M

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Deal Summary

SALE DATE: 01/04/2023 ADDRESS: 450 Timpson Place MARKET: Bronx - Port Morris ASSET TYPE: Industrial BUYER: Bronx Shores Energy Storage SELLER: Altmark Group BROKER: Richard MacDougall - Breslin Realty SALE PRICE: $19,000,000 SF: 42,500 ~ PPSF: $447 NOTE FROM SELLER: Seller purchased the property for $10,100,000. The Altmark Group is looking for acquisition and lending opportunities throughout the five boroughs, Lower Westchester, and Southern Florida with a particular focus on the Bronx and Palm Beach county. Please e-mail [email protected] for all opportunities.

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