Furen Dai pays $2.4M to Ambrosino Equities for industrial in East Williamsburg

Furen Dai through the entity 972 Metropolitan Management LLC paid $2.4 million to Ambrosino Equities through the entity 972 Metro LLC for the industrial building (F5) at 972 Metropolitan Avenue in East Williamsburg, Brooklyn.
The deal closed on May 28, 2026 and was recorded on June 15, 2026. The property has 3,179 square feet of built space for a total buildable of 3,190 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $754 and the price per buildable square foot is $752 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 signatory for Ambrosino Equities was Antonio Ambrosino . The signatory for Furen Dai was Furen Dai. The contract date was January 30, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Ambrosino Equities had not purchased any other properties and had not sold any properties over the same time period. The 3,179-square-foot property generated revenue of $70,326 or $22 per square foot, according to the most recent income and expense figures.

The property

The industrial building in East Williamsburg has 3,179 square feet of built space for a total buildable of 3,190 square feet according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 63 feet deep with a total lot size of 3,190 square feet. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $368,000.

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

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 East Williamsburg, The majority, or 62 percent of the 17.1 million square feet of commercial built space are industrial buildings, with walkup buildings next occupying 11 percent of the space. In sales, East Williamsburg has near average sales volume among other neighborhoods with $339.5 million in sales volume in the last two years and is the 21st highest in Brooklyn. For development, East Williamsburg has near average amount of major developments among other neighborhoods and is the 12th highest in Brooklyn. It had 1.8 million square feet of commercial and multi-family construction under development in the last two years, which represents 11 percent of the neighborhood’s built space. There were 240 pre-foreclosure suit filed among other industrial buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of four of the 12 commercial properties representing 14,750 square feet of the 76,529 square feet. The largest owner is Manjula Mukhopadhyay , followed by Lawrence Mongelli and then Graph Group.
There are no active new building construction projects on this tax block.

The majority, or 68 percent of the 76,529 square feet of built space are industrial buildings, with walkup buildings next occupying 17 percent of the space.

The seller

The PincusCo database currently indicates that Ambrosino Equities owned at least four commercial properties with 15 residential units in New York City with 40,313 square feet and a PincusCo-determined asset value of $15.9 million. The portfolio has $17.4 million in debt, with top three lenders as OceanFirst Bank , Hirshmark Capital , and Preferred Bank respectively. Within the portfolio, the bulk, or 66 percent of the 40,313 square feet of built space are retail properties, with walkup properties next occupying 23 percent of the space.

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