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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

76 deals

Broker
Thor Equities
Thor EquitiesLandlord
Amazon
AmazonTenant

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