Sandy Stillman pays $7.05M to RedHoek+Partners for 3 buildings in Red Hook

Sandy Stillman paid $7.05 million to RedHoek+Partners for three buildings in Red Hook, Brooklyn, in two separate transactions.

In the larger transaction, Sandy Stillman through the entity 253 VB LLC paid $4.8 million to RedHoek+Partners through the entity Ddg 253 Vb LLC for the six-unit mixed-use building (S9) at 253 Van Brunt Street and the adjacent garage (G1) at 93 Verona Street in Red Hook, Brooklyn. The expected use is cash flowing.
The deal closed on September 3, 2025 and was recorded on September 10, 2025. The two properties have 6,837 square feet of built space and 134 square feet of additional air rights according to a PincusCo analysis of city data. The sale price per built square foot is $709 per the PincusCo analysis. RedHoek+Partners purchased them in 2021 for $2.585 million.

In the second, Sandy Stillman through the entity 385 Vb LLC paid $2.2 million to RedHoek+Partners through the entity Ddg 385 Vb LLC for the three-unit building (C0) at 385 Van Brunt Street in Red Hook, Brooklyn. The expected use is cash flowing.
The deal closed on September 3, 2025 and was recorded on September 11, 2025. The property has 2,494 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $882 per the PincusCo analysis. RedHoek+Partners purchased the building in 2021 for $1.27 million.

The signatory for RedHoek+Partners was Catherine Lee . The signatory for Sandy Stillman was Sandy Stillman. The contract date was April 18, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Sandy Stillman purchased two properties in one transaction for a total of $4.8 million and sold two properties in two transactions for a total of $12.5 million over the past 24 months.
The seller RedHoek+Partners had not purchased any other properties and sold two properties in one transaction for a total of $4.8 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Marco Valenti, individual owner and Rosa Valenti, joint owner.

The signatory for RedHoek+Partners was Catherine Lee . The signatory for Sandy Stillman was Sandy Stillman. The contract date was April 18, 2025.

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 253 Van Brunt Street.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Sandy Stillman had purchased any other properties and sold two properties in two transactions for a total of $12.5 million over the past 24 months.
The seller RedHoek+Partners had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Louise Hirsch, head officer and David Torres, site manager. The business entity is 353 West 20th Street Llc.

The property

The mixed-use building with 6 residential units in Red Hook has 6,837 square feet of built space and 134 square feet of additional air rights according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 68 feet deep with a total lot size of 1,713 square feet. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $2 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $590 in OATH penalties 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 $281.3 million in sales volume in the last two years and is the 26th 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

On the tax block of 253 Van Brunt Street, PincusCo has identified the owners of three of the eight commercial properties representing 13,065 square feet of the 46,667 square feet. The two identified owners are Redhoek+Partners and Peter Forman.
On the tax block, there was one new building construction project filed totaling 225 square feet. It is a 225 square-foot utility and miscellaneous (U) building submitted by Bruno Achille with plans filed October 13, 2015 and permitted February 24, 2016.

The majority, or 39 percent of the 46,667 square feet of built space are elevator buildings, with walkup buildings next occupying 37 percent of the space.

The seller

The PincusCo database currently indicates that Redhoek+Partners owned at least 14 commercial properties with 43 residential units in New York City with 29,978 square feet and a city-determined market value of $8.2 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 46 percent of the 29,978 square feet of built space are mixed-use properties, with D7 properties next occupying 38 percent of the space. They are all located in Brooklyn.

Direct link to Acris document. 253 Van Brunt Street link