The 100 55th St. warehouse in Sunset Park changed hands for $86 million this week, signaling continued demand for Brooklyn’s industrial space.

The warehouse at 100 55th St., a sprawling site near the waterfront in Sunset Park, sold for $86 million on Tuesday, according to documents from the city’s Department of Finance. The new owner, DH Property Holdings, is doubling down on Sunset Park after previous investments on 39th and 50th Streets.

Madison Realty Capital, which had held the property since 2017, confirmed to NYC Pulse that it sold the site after fielding multiple offers in the last two months. “Industrial demand here is the strongest we’ve seen since before the pandemic,” said principal Josh Zegen, citing growing last-mile logistics needs.

Local brokers say the sale marks one of Brooklyn’s biggest warehouse deals in 2024 and underscores the shift as more e-commerce players and logistics firms target Sunset Park for its proximity to the BQE and the Brooklyn waterfront. “This isn’t just a blip — this is the new baseline for the area,” said TerraCRG’s Ofer Cohen, who was not involved in the deal.

Tenants in the building, including a packaging distributor and a small production studio, have leases extending into 2027, ensuring the site will remain active as the new owners weigh redevelopment or continued operation.

Frequently Asked Questions

Who bought the 100 55th St. warehouse?

DH Property Holdings is the buyer of 100 55th St. in Sunset Park. The company, based in Gowanus, has a track record of acquiring and developing logistics and warehouse properties across Brooklyn, including sites on 39th St. and 50th St. near Industry City. The previous owner was Madison Realty Capital.

Why is there so much demand for industrial space in Sunset Park?

Sunset Park’s location close to major highways and the Brooklyn waterfront makes it a prime choice for logistics and e-commerce operators needing last-mile distribution. Industrial vacancy rates in the area are at historic lows, and rents have jumped 20% in the last year, according to CBRE data.

What happens to current tenants in the building?

The packaging distributor and production studio currently occupying the 100 55th St. warehouse have leases running through at least 2027. DH Property Holdings has indicated there are no immediate plans to displace tenants, but redevelopment could be on the table in the future.

Frequently Asked Questions

Who bought the 100 55th St. warehouse in Sunset Park?

DH Property Holdings purchased the 100 55th St. warehouse in Sunset Park, Brooklyn.

How much did the 100 55th St. warehouse sell for?

The warehouse at 100 55th St. sold for $86 million.

Who was the seller of the 100 55th St. warehouse?

Madison Realty Capital was the seller of the 100 55th St. warehouse.

What will happen to the current tenants of the 100 55th St. warehouse?

The current tenants have leases through at least 2027, and DH Property Holdings has no immediate plans to displace them.

Why is industrial space in Sunset Park in high demand?

Sunset Park’s proximity to major highways and the Brooklyn waterfront makes it attractive for logistics and e-commerce operators, and industrial rents have risen 20% in the past year.

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