facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

280 Richards Street, Red Ho...

Amazon Leases Industrial Space In Red Hook, Brooklyn For $155M
SOLDIndustrial

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

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

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

Brett Siegel

Newmark

Broker

$6.4B

vol

82 deals

Broker
Thor Equities
Thor EquitiesLandlord
Amazon
AmazonTenant

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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