Wan Yu Liang pays $5.8M for industrial in Vinegar Hill

Wan Yu Liang through the entity 275 Front Property Inc. paid $5.8 million to Peter Chang through the entity C.C. & F. Realty Corp. for the industrial building (F5) at 275 Front Street in Vinegar Hill, Brooklyn.
The deal closed on April 10, 2026 and was recorded on April 17, 2026. The property has 11,389 square feet of built space and 9,729 square feet of additional air rights for a total buildable of 21,150 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $507 and the price per buildable square foot is $273 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 Peter Chang was Peter Chang. The signatory for Wan Yu Liang was Wanyu Liang. The contract date was October 1, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Wan Yu Liang had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Peter Chang had not purchased any other properties and had not sold any properties over the same time period. The 11,389-square-foot property generated revenue of $273,792 or $24 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Vinegar Hill has 11,389 square feet of built space and 9,729 square feet of additional air rights for a total buildable of 21,150 square feet according to a PincusCo analysis of city data. The parcel has frontage of 105 feet and is 100 feet deep with a total lot size of 10,575 square feet. The lot is irregular. 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 $1.6 million.

Transaction Participants

Yi Lin at Law Offices Of Yi Lin participated in the transaction on behalf of the buyer.

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 $1,000 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 Vinegar Hill, The majority, or 68 percent of the 2.2 million square feet of commercial built space are elevator buildings, with office buildings next occupying 12 percent of the space. In sales, Vinegar Hill has the 43rd highest sale turnover among other neighborhoods in Brooklyn with $37.6 million in sales volume in the last two years. For development, Vinegar Hill has had very little major development activity relative to other neighborhoods.It had 88,871 square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of six of the 13 commercial properties representing 96,287 square feet of the 126,626 square feet. The largest owner is Breco Equities, followed by E.G Development and then Consolidated Edison.
On the tax block, there was one new building construction project filed totaling 14,304 square feet. It is a nine-unit, 14,304 square-foot residential (R-2) building submitted by Harel Edery with plans filed January 31, 2020 and permitted December 28, 2020.

The majority, or 60 percent of the 126,626 square feet of built space are office buildings, with industrial buildings next occupying 17 percent of the space.

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