Brian S. Pun’s FSA Capital signs 99-year ground lease with Wilson Ko for property in Flushing

Brian S. Pun’s FSA Capital through the entity 362751 College Point Blvd, LLC signed a 99-year ground lease with Wilson Ko’s 99 College Point, LLC valued at $2.8 million for 36-35 College Point Boulevard and 133-17 37th Avenue in Flushing. The deal closed on April 30, 2020, and was recorded on May 8, 2020. The transaction consists of 2 parcels, including the tax class one-story store building (K1). The parcel(s) have total development potential of 72,528 square feet according to an analysis of city records.

Pun signed a 99-year ground lease that began on January 31, 2020.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $62,635.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link