450 Timpson Pl, Bronx, NY 10455-4908
This exceptional investment opportunity presents a 43,500-square-foot industrial property in the thriving Mott Haven section of The Bronx, New York (APN 2600-79). The property boasts a 26,000-square-foot warehouse featuring a 30-foot ceiling height, four drive-in doors, and substantial utility services including 2,500 amps of electrical service and heavy gas service. A 5,250-square-foot mezzanine adds valuable extra space. An additional 17,500 square feet of land provides significant development potential. The property benefits from street-to-street access and a highly convenient location near five major highways, offering easy access to Manhattan and other key areas. The M1-3 zoning allows for a Commercial FAR of 5 (217,500 buildable square feet) and a Facility FAR of 6.5 (282,750 buildable square feet), presenting substantial upside for future development. Annual real estate taxes are approximately $110,000. This is a rare chance to acquire a well-located, versatile industrial property with significant growth potential in a rapidly developing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1-3 · Bronx, NYBronx. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.