Yan Hong Wang pays $4.2M to McSam Hotel Group for residential elevator in Flushing

Yan Hong Wang and Yan Ying Wang through the entity 43-24 Robinson St LLC paid $4.2 million to McSam Hotel Group through the entity Robinson Twelve LLC for the 12-unit residential elevator building (D1) at 43-24 Robinson Street in Flushing, Queens. The expected use is cash flowing.
The deal closed on January 6, 2026 and was recorded on January 15, 2026. The property has 10,168 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $417 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 February 1, 2018, for $4.8 million. The signatory for McSam Hotel Group was Sam Chang . The signatory for Yan Hong Wang and Yan Ying Wang was Yan Hong Wang. The contract date was September 22, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Yan Hong Wang had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller McSam Hotel Group purchased one property in one transaction for a total of $7.8 million and sold eight properties in seven transactions for a total of $318.8 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Sam Chang, head officer and Stella Tan, site manager. The business entity is Robinson Twelve Llc. The 10,168-square-foot property generated revenue of $250,713 or $25 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 12 residential units in Flushing has 10,168 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 27 feet and is 100 feet deep with a total lot size of 2,733 square feet. The zoning is R7B which allows for up to 3 times floor area ratio (FAR) for residential. The property has a 421A exemption that started in 2010 and expires in 2025. The city-designated market value for the property in 2022 is $1.3 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 housing violation and $50 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 block

On this tax block, PincusCo has identified the owners of three of the nine commercial properties representing 13,930 square feet of the 44,198 square feet. The largest owner is Anderson Chan, followed by Xia Zeng and then Wai Li.
There are no active new building construction projects on this tax block.

The majority, or 77 percent of the 44,198 square feet of built space are walkup buildings, with elevator buildings next occupying 23 percent of the space.

The seller

The PincusCo database currently indicates that Mcsam Hotel Group owned at least 24 commercial properties with 17 residential units in New York City with 1,092,980 square feet and a city-determined market value of $251.6 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 92 percent of the 1,092,980 square feet of built space are hotel properties, with industrial properties next occupying 3 percent of the space. The bulk, or 84 percent of the built space, is in Manhattan, with Queens next at 16 percent of the space.

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