Titan Industrial Services pays $4.8M for industrial in Greenpoint

Demolition firm Titan Industrial Services through the entity 94 Hausman LLC paid $4.8 million to Joseph Linder through the entity Valemill Realty Corp. for the industrial building (E1) at 94 Hausman in Greenpoint, Brooklyn. The expected use is owner-occupied.
The deal closed on January 8, 2026 and was recorded on January 16, 2026. The property has 3,000 square feet of built space and 28,236 square feet of additional air rights for a total buildable of 31,200 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,600 and the price per buildable square foot is $153 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 Joseph Linder was Joseph Linder. The signatory for Titan Industrial Services was Daniel Colasuonno . The contract date was January 8, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Titan Industrial Services purchased two properties in two transactions for a total of $5 million and has no record it sold any properties over the past 24 months.
The seller Joseph Linder had not purchased any other properties and had not sold any properties over the same time period.

The property

The industrial building in Greenpoint has 3,000 square feet of built space and 28,236 square feet of additional air rights for a total buildable of 31,200 square feet according to a PincusCo analysis of city data. The parcel has frontage of 130 feet and is 120 feet deep with a total lot size of 15,600 square feet. The zoning is M1-2 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $337,000.

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 Greenpoint, The bulk, or 29 percent of the 23.8 million square feet of commercial built space are walkup buildings, with industrial buildings next occupying 26 percent of the space. In sales, Greenpoint has 3.1 times the average sales volume among other neighborhoods with $937.5 million in sales volume in the last two years and is the 3rd highest in Brooklyn. For development, Greenpoint has 2.1 times the average amount of major developments relative to other neighborhoods and is the 3rd highest in Brooklyn. It had 3.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 13 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of four of the 12 commercial properties representing 60,787 square feet of the 130,513 square feet. The largest owner is Titan Industrial Services, followed by Yong Hong Xu and then Bear Creek Asset Management.
There are no active new building construction projects on this tax block.

The majority, or 55 percent of the 130,513 square feet of built space are industrial buildings, with hotel buildings next occupying 24 percent of the space.

The buyer

The PincusCo database currently indicates that Titan Industrial Services owned at least five commercial properties in New York City with 38,000 square feet and a city-determined market value of $5.6 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 61 percent of the 38,000 square feet of built space are industrial properties, with office properties next occupying 39 percent of the space. The bulk, or 61 percent of the built space, is in Brooklyn, with Queens next at 39 percent of the space.

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