Jian Yong Chen, Jessie Chen pay $5.7M for industrial in Red Hook

Jian Yong Chen and Jessie Chen through the entity Ameraki Realty LLC paid $5.7 million to the entity 36 Seabring Street, LLC for the industrial building (E1) at 30 Richards Street in Red Hook, Brooklyn.
The deal closed on January 14, 2026 and was recorded on February 12, 2026. The property has 11,082 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $509 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 signatories for the sellers were Irina Constantinescu and Vincent Malerba. The signatory for Jian Yong Chen and Jessie Chen was Jessie Chen. The contract date was September 3, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Jian Yong Chen had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Irina Constantinescu had not purchased any other properties and had not sold any properties over the same time period. The 11,082-square-foot property generated revenue of $237,820 or $21 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Red Hook has 11,082 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 99 feet deep with a total lot size of 9,999 square feet. The lot is irregular. 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 $1.2 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 received one DOB violation 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 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 $343.3 million in sales volume in the last two years and is the 22nd highest in Brooklyn. For development, Red Hook has had very little major development activity relative to other neighborhoods.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

On this tax block, PincusCo has identified the owners of one of the 12 commercial properties representing 7,856 square feet of the 126,993 square feet. The identified owner is O’Connell Organization.
There are no active new building construction projects on this tax block.

The majority, or 94 percent of the 126,993 square feet of built space are industrial buildings, with mixed-use buildings next occupying 6 percent of the space.

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