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Gary Tsan buys 133-25 37th Avenue

133-25 37th Avenue (Credit: Google Maps)

Gary Tsan has acquired a development site at 133-25 37th Avenue in Downtown Flushing from Yihai Group for $60 million, TRD first reported. The seller was planning a mixed-use project spanning 200,000 SF, with 146 residential units and 360 hotel rooms. 

  • Solid location: The site is six blocks away from the Flushing Main Street subway station, which is the first stop of the 7 subway train. 
  • Flashback: China-based Yihai Group paid $28.8 million for the asset in 2013.

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