Xioadong Hu, Meng Hu pay $6.1M for industrial in East New York

Xioadong Hu and Meng Hu through the entity Brother 595 LLC paid $6.1 million to Kandarp Mehta through the entity Shivam Estates, LLC for the industrial building (F5) at 595 Berriman Street in East New York, Brooklyn. The expected use is cash flowing.
The deal closed on March 20, 2026 and was recorded on April 6, 2026. The property has 16,500 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $369 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 seller bought the property on January 26, 2023, for $4.5 million. The signatory for Kandarp Mehta was Kandarp Mehta. The signatory for Xioadong Hu and Meng Hu was Xiao Dong Hu . The contract date was November 11, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Xioadong Hu had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Kandarp Mehta had not purchased any other properties and had not sold any properties over the same time period. The 16,500-square-foot property generated revenue of $276,870 or $17 per square foot, according to the most recent income and expense figures.

The property

The industrial building in East New York has 16,500 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 140 feet and is 100 feet deep with a total lot size of 14,000 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 $1.6 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 and $6,400 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 East New York, The bulk, or 40 percent of the 44.6 million square feet of commercial built space are elevator buildings, with industrial buildings next occupying 21 percent of the space. In sales, East New York has near average sales volume among other neighborhoods with $375 million in sales volume in the last two years and is the 18th highest in Brooklyn. For development, East New York has 3.2 times the average amount of major developments relative to other neighborhoods and is the 2nd highest in Brooklyn. It had 5.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 11 percent of the neighborhood’s built space. There were 50 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 five of the 15 commercial properties representing 44,400 square feet of the 89,870 square feet. The largest owner is Rogosin Institute, followed by Kandarp Mehta and then Charles S. Henry.
There are no active new building construction projects on this tax block.

The majority, or 82 percent of the 89,870 square feet of built space are industrial buildings, with office buildings next occupying 18 percent of the space.

The seller

The PincusCo database currently indicates that Kandarp Mehta owned at least two commercial properties in New York City with 16,500 square feet and a city-determined market value of $1.3 million. (Market value is typically about 50% of actual value.) The portfolio has $6.2 million in debt, borrowed from Berkeley Capital Partners. Within the portfolio, the bulk, or 100 percent of the 16,500 square feet of built space are industrial properties, with development properties next occupying 0 percent of the space. They are all located in Brooklyn.

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