F&T Group files plans for 156-unit building in Flushing

F&T Group submitted a new building construction project for a 156-unit, 246,980-square-foot residential (R-2) building at 136-48 37th Avenue in Flushing, Queens. The plan was filed with the New York City Department of Buildings on December 17, 2025 under job number Q01327168. It calls for the construction of a 18-story building. The project is described in the filing as: erect 18-story new building with sub-cellars as per plans. Richard Siu, chief investment officer of F&T Group, filed the plans. The architect is Handel Architects.

The parcel is a new tax lot carved from the eastern portion of existing tax lot 25. The filing indicates another tax lot, 30, will also be created from the tax lot 25.

136-48 37th Avenue

Development

Richard Siu of F&T Group submitted a new building construction project for a 156-unit, 246,980 square-foot residential (R-2) building at 136-48 37 Avenue. The plan was filed on December 17, 2025. It calls for the construction of a 25,825-foot tall, 18-story building and was filed with the New York City Department of Buildings under job number Q01327168. The architect is Handel Architects Llp. The project is described in the filing as: nyc devhub consultation conducted 7/13/2021: (bldg b): erect 18 story new building with sub-cellars as per plans.

Over the past five years, there has been no NYC Department of Buildings new building, demolition, or alteration permit application valued at more than $20,000 filed for this parcel.

Violations and lawsuits

According to city public data, the property has not received any significant violations in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Flushing, The bulk, or 45 percent of the 37.7 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 20 percent of the space. In sales, Flushing has near average sales volume among other neighborhoods with $714.1 million in sales volume in the last two years and is the 3rd highest in Queens. For development, Flushing has near average amount of major developments among other neighborhoods and is the 3rd highest in Queens. It had 2.8 million square feet of commercial and multi-family construction under development in the last two years, which represents 7 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of eight of the 18 commercial properties representing 180,599 square feet of the 318,716 square feet. The largest owner is Cun Long Chen, followed by F&T Group and then Lian Wu Shao. On the tax block, there were five new building construction projects totaling 643,120 square feet. The largest is a 156-unit, 246,980 square-foot residential (R-2) building submitted by F&T Group and filed by Richard Siu with plans filed December 17, 2025 and it has not been permitted yet. The second largest is a 151,076 square-foot 56 building submitted by F&T Group and filed by Richard Siu with plans filed March 19, 2025 and it has not been permitted yet.

Direct link to the property’s ACRIS page and link to DOB NOW portal.