Pin Chang Huang pays $6M for mixed-use in Flushing

Pin Chang Huang through the entity Hh 33avenue Property LLC paid $6 million to the entity 42-08 Property LLC for the mixed-use building (K1) at 42-08 College Point Boulevard in Flushing, Queens.
The deal closed on July 21, 2025 and was recorded on August 1, 2025. The property has 4,050 square feet of built space and 950 square feet of additional air rights for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,479 and the price per buildable square foot is $1,198 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 December 30, 2013, for $3.4 million. The signatory for the seller entity, which was at the address of the Sino-American Commerce Association , was Jimmy Fu . The signatory for Pin Chang Huang was Pin Chang Huang. The contract date was March 31, 2025. Pin Chang Huang also uses the name Pinc Huang.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Pin Chang Huang had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Sino-American Commerce Association had not purchased any other properties and had not sold any properties over the same time period. The 4,050-square-foot property generated revenue of $187,402 or $46 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building in Flushing has 4,050 square feet of built space and 950 square feet of additional air rights for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 100 feet deep with a total lot size of 5,000 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 $825,000.

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 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 2.2 times the average sales volume among other neighborhoods with $609.7 million in sales volume in the last two years and is the 3rd highest in Queens. For development, Flushing has 1.5 times the average amount of major developments relative to other neighborhoods and is the 2nd highest in Queens. It had 2.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the 14 commercial properties representing 21,500 square feet of the 53,947 square feet. The identified owner is Sunlight Development Group.
There are no active new building construction projects on this tax block.

The majority, or 93 percent of the 53,947 square feet of built space are mixed-use buildings, with industrial buildings next occupying 7 percent of the space.

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