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

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].