Updated Dec 3, 2024
Amazon Leases Industrial Space In Red Hook, Brooklyn From Thor Equities - $40/ft (Approx.), 20 Year Term
280 Richards St, Brooklyn, NY 11231, Estados Unidos
Building Size
311,796 SF
Asset Type
Industrial
Closing
Nov 1, 2020
About this deal
AI
The industrial property located at 280 Richards Street in Red Hook has been leased to Amazon. The landlord, Thor Equities, facilitated the leasing transaction. The lease was brokered by CBRE. The property spans approximately 311,796 square feet and the asking rent was approximately $40 per square foot. The lease agreement has a term of 20 years.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 280 Richards Street
- Market: Red Hook
Joseph Sitt, Jeff Bezos, and Jack Sitt were pictured in an image related to the lease transaction.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93