249 Beach 15 Street

Owner: Arker Companies

Debt: December 20, 2022, $78.5 million

Built: 1974

SF: 143,312

Dwelling units: 149

No. of buildings: 1

Class: Semi-fireproof (Without Stores) (D1)

Floors: 6

Transactions:

• Arker Companies borrowed $78.5 million from Merchants Capital for 249 Heyson Road, 14-10 New Haven Avenue, and 14-03 Heyson Road, Far Rockaway, Queens on December 20, 2022.

• Arker Companies borrowed $67.7 million from Merchants Bank of Indiana for 249 Heyson Road, 14-10 New Haven Avenue, and 14-03 Heyson Road, Far Rockaway, Queens on July 05, 2022.

Development:

• Alex Arker filed plans for alteration in Far Rockaway, Queens, on September 23, 2022.

• Tim Ziss filed plans for new building for 120 sqft in Far Rockaway, Queens, on May 06, 2009.

• Tim Ziss filed plans for A3 in Far Rockaway, Queens, on June 21, 2010.

• Allan Arker filed plans for alteration in Far Rockaway, Queens, on July 17, 2012.

• Tim Ziss filed plans for A3 in Far Rockaway, Queens, on September 20, 2007.

Violations:

According to city public data, the properties have received $2,500 in ECB penalties, 44 housing violations, $2,580 in OATH penalties, and one housing litigation in the last year.