Wang Lam files plans for 19 units in Flushing

Wang Lam submitted a new building construction project for a 19-unit, 14,440 square-foot residential (R-2) building at 42-22 147th Street in Flushing, Queens. The plan was filed with the New York City Department of Buildings on April 18, 2023 under job number Q00858315. It calls for the construction of a seven-story building. The project is described in the filing as: proposed a new 7-story residential building. obtain a new certificate of occupancy. The architect is Mei Architect PLLC
There have been 17 new building projects of at least 4 units each that have been filed in Flushing over the past 12 months that total 936 residential units.

The property

The two parcels have frontage of 43 feet and they are 113 feet deep with a total lot size of 4,891 square feet. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing.

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 $732 million in sales volume in the last two years and is the 4th highest in Queens. For development, Flushing has near average amount of major developments among other neighborhoods and is the 5th highest in Queens. It had 2.5 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. There was one pre-foreclosure suit filed among other development buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of one of the three commercial properties representing 36,679 square feet of the 118,753 square feet. The identified owner is Wang Tat Lam. On the tax block, there were four new building construction projects totaling 73,067 square feet. The largest is a 53-unit, 36,679 square-foot residential (R-2) building submitted by Ming Gao with plans filed November 16, 2016 and permitted March 17, 2021. The second largest is a 20-unit, 14,647 square-foot residential (R-2) building submitted by Tanfeng Huang with plans filed September 3, 2022 and it has not been permitted yet.

The surrounding

This is the first commercial real estate event of interest identified within the 400-foot radius of 42-22 147 Street in the past 24 months.

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