Updated Sep 30, 2025
Brookfield Properties Acquires Industrial Property In Red Hook With Tenant Amazon Fresh
55 Bay Street, Red Hook, Brooklyn, NY, USA
$45,000,000
$511/SF
Building Size
88,000 SF
Asset Type
Industrial
Closing
Nov 26, 2021
About this deal
AI
Brookfield Properties has acquired a industrial property located at 55 Bay Street in Red Hook. The property, with a total square footage of 88,000, was sold by DH Property Holdings for a price of $45,000,000. With a price per square foot of $511, this sale demonstrates the value of the asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $45,000,000
- Tenant: AmazonFresh
- Date: 11/2021
- Buyer: Brookfield Properties
- Seller: DH Property Holdings
- Brokers: Rob Kossar, Leslie Lanne & Jeremy Liebler LL
The acquisition was finalized in November 2021, involving key individuals such as Dov Hertz, Jeff Bezos, Bruce Flatt, and Brian Kingston. Rob Kossar, Leslie Lanne, and Jeremy Liebler LL represented the buyer, Brookfield Properties, in this transaction. This purchase further strengthens Brookfield Properties' portfolio in the industrial market.
On the Map
$45,000,000
$511/SF
Industrial
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Players
Brooklyn 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93