Emerson Rose NY pays $3.5M for mixed-use in Red Hook

Emerson Rose NY through the entity Emerson Rose LLC paid $3.5 million to Pamela Peterson through the entity 442 Van Brunt St. LLC for the mixed-use building (S1) at 442 Van Brunt Street in Red Hook, Brooklyn. The expected use is cash flowing. The building is at the corner of Beard Street and is adjacent to a vacant lot.
The deal closed on September 12, 2025 and was recorded on September 29, 2025. The property has 3,750 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $920 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on November 27, 2018, for $3.5 million. The signatory for Pamela Peterson was Pamela Peterson. The signatory for Emerson Rose NY was Michael Emerson Ryan. The contract date was May 19, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Emerson Rose NY had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Pamela Peterson had not purchased any other properties and had not sold any properties over the same time period.

The property

The mixed-use building with 1 residential units in Red Hook has 3,750 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 60 feet deep with a total lot size of 1,500 square feet. The zoning is M1-1/R5 which allows for up to 1 times floor area ratio (FAR) for manufacturing and up to 1.25 times FAR for residential. The city-designated market value for the property in 2022 is $1.4 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on April 27, 2016. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Red Hook, The bulk, or 40 percent of the 11.8 million square feet of commercial built space are industrial buildings, with specialty buildings next occupying 24 percent of the space. In sales, Red Hook has near average sales volume among other neighborhoods with $292.9 million in sales volume in the last two years and is the 25th highest in Brooklyn. For development, Red Hook has near average amount of major developments among other neighborhoods and is the 14th highest in Brooklyn. It had 1.2 million square feet of commercial and multi-family construction under development in the last two years, which represents 10 percent of the neighborhood’s built space.

The block

There are no active new building construction projects on this tax block.

The majority, or 68 percent of the 46,560 square feet of built space are industrial buildings, with retail buildings next occupying 18 percent of the space.

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