DH Property Holdings

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DH Property Holdings portfolio

$24.1 million* – development 55%, industrial 31%; Brooklyn 61%, Staten Island 38%

1546th largest portfolio by dollar value

63,130 sqft – industrial 100%, development 0%;

2510th largest by SF

7 properties – Staten Island 57%, Brooklyn 42%

1186th largest

Company Activity past 24 months:

Buyer company: 1 for $11.5 million

Seller company: 2 for $261.5 million

Top Ten Associated People:

Galina Gendelman (2), Mary Lang (1), Brandon S. Tolbert (1), Cornelius Vanderbilt, Jr. (1), Jonathan Kramer (1), Stewart Mann (1), Simon Burce (1)

Recent activity as company:

DH Property Holdings, Bridge Industrial and Oak Capital Partners sold 73 20th Street, Greenwood Heights, Brooklyn for $13.5 million to Krasnyi Oktyabr on April 25, 2024.

Krasnyi Oktyabr sold 60 20th Street, Greenwood Heights, Brooklyn for $11.5 million to DH Property Holdings, Bridge Industrial and Oak Capital Partners on April 25, 2024.

Bridge Industrial and DH Property Holdings sold 75 20th Street, Greenwood Heights, Brooklyn for $248 million to FedEx on January 12, 2024.

DH Property Holdings and Goldman Sachs Asset Management sold 640 Columbia Street, Red Hook, Brooklyn for $332 million to CBRE Investment Management on July 14, 2022.

DH Property Holdings borrowed $341.7 million from JPMorgan Chase for 70 20th Street, 73 20th Street, 50 21st Street, and N/A 20th Street, Greenwood Heights, Brooklyn on December 14, 2021.

DH Property Holdings sold 537 Columbia Street, Red Hook, Brooklyn for $40 million to Brookfield Properties on December 09, 2021.

Stewart Mann sold 1800 South Avenue, Staten Island, Staten Island for $14.2 million to DH Property Holdings on June 21, 2021.

Vanderbilt family sold 1900 South Avenue, 1780 South Avenue, and 360 Industry Road, Staten Island, Staten Island for $66.1 million to DH Property Holdings on January 13, 2021.

DH Property Holdings for Dov Hertz filed plans for new building for 175,308 sqft in Greenwood Heights, Brooklyn, on July 24, 2020.

DH Property Holdings sold 150 52nd Street, Sunset Park, Brooklyn for $60 million to Prologis on January 24, 2020.

Latest Stories:

• DH Property, Bridge swap $13.5M parcel with importer to consolidate Sunset Park dev site (April 26, 2024)

• FedEx pays $248M to Bridge, DH Property for warehouse property in Sunset Park (January 15, 2024)

• Bridge Development, DH Property file plans for 4-story, 1M sf warehouse in Greenwood Heights (November 04, 2022)

• CBRE fund pays $332M to DH Property, Goldman Sachs for Amazon-leased distribution center in Red Hook (July 15, 2022)

• Bridge, DH Property and Banner Oak sign $341.7M construction loan with JPMorgan for Brooklyn warehouse (December 15, 2021)

• Brookfield Properties pays $45M to DH Property for Amazon-leased industrial in Red Hook (December 10, 2021)

• DH Property Holdings acquires interest from Stewart Mann valued at $14.2M for industrial in Staten Island (June 22, 2021)

• Dov Hertz pays $66.1M for Staten Island parcel (January 14, 2021)

• Bridge Development Partners files plans for 36K sf storage building in Sunset Park (August 31, 2020)

• DH Property, Goldman Sachs obtain $131M construction loan from JPMorgan, Square Mile to build warehouse in Red Hook (July 31, 2020)

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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