Juan Lin pays $2.8M for industrial in Bushwick

UPDATED 2:45 p.m., February 24, 2026: Juan Lin through the entity Jefferson 400 LLC paid $2.8 million to the entity 388-400 Jefferson Street, LLC for the industrial building (F9) at 400 Jefferson Street in Bushwick, Brooklyn.
The deal closed on January 21, 2026 and was recorded on February 23, 2026. The property has 5,000 square feet of built space for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $560 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 the seller Dennis Goldberg was Gary Burke. The signatory for Juan Lin was Juan Lin. The contract date was August 27, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Juan Lin purchased one property in one transaction for a total of $4 million and has no record it sold any properties over the past 24 months.
The seller Dennis Goldberg had not purchased any other properties and had not sold any properties over the same time period.

The property

The industrial building in Bushwick has 5,000 square feet of built space for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of zero feet and is zero feet deep with a total lot size of 5,000 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 $675,000.

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 Bushwick, The bulk, or 44 percent of the 33.6 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 18 percent of the space. In sales, Bushwick has 1.7 times the average sales volume among other neighborhoods with $525.6 million in sales volume in the last two years and is the 12th highest in Brooklyn. For development, Bushwick has had very little major development activity relative to other neighborhoods.It had 1.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space. There were seven 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 two of the 20 commercial properties representing 22,000 square feet of the 175,210 square feet. The identified owner is Mann Group.
There are no active new building construction projects on this tax block.

The majority, or 53 percent of the 175,210 square feet of built space are industrial buildings, with retail buildings next occupying 19 percent of the space.

Correction: A prior version of this post used the neighboring, and incorrect, image for the transaction.

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