Updated Dec 3, 2024
Amazon Leases Industrial Space In Red Hook, Brooklyn For $155M
280 Richards Street, Red Hook, Brooklyn, NY, USA
$155,000,000
$496/SF
Building Size
312,100 SF
Asset Type
Industrial
Closing
Jan 31, 2021
About this deal
AI
An equity recap transaction has taken place at 280 Richards Street in Red Hook. The industrial property, spanning 312,100 square feet, has been involved in the deal. The transaction amount for this asset is $155,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $155,000,000
- Tenant: @Amazon
- Landlord: @ThorEquities
- Brokers: Jordy Roeschlaub, Dustin Stolly, Kevin Welsh & Brett Siegel @Newmark
The equity recap transaction at 280 Richards Street was facilitated by brokers Jordy Roeschlaub, Dustin Stolly, Kevin Welsh, and Brett Siegel from Newmark. @Amazon serves as the tenant, while @ThorEquities acts as the landlord.
Players
New York 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93