51-15 Beach Channel Drive

Owner: Welllife Network

Acquired: July 07, 2023, $11.5 million

Debt: July 07, 2023, $132.3 million

Built: 2023

SF: 242,731

Dwelling units: 290

No. of buildings: 1

Class: Fireproof – With Stores (D6)

Floors: 13

Legacy BBLs: 4158430001

Transactions:

• Tishman Speyer borrowed $132.3 million from NYC Housing Development Corporation for 5119 Beach Channel Drive, Edgemere, Queens on July 07, 2023.

• Tishman Speyer sold 5119 Beach Channel Drive, Edgemere, Queens for $11.5 million to WellLife Network on July 07, 2023.

• Arker Companies sold 5119 Beach Channel Drive, 51-17 Rockaway Beach Blvd, N/A Beach 53rd Street, N/A Beach 53rd Street, N/A Rockaway Beach Boule, and others, Edgemere, Queens for $90.4 million to Tishman Speyer on December 08, 2021.

• Tishman Speyer borrowed $55 million from Wells Fargo for 5119 Beach Channel Drive, 51-17 Rockaway Beach Blvd, N/A Beach 53rd Street, N/A Beach 53rd Street, N/A Rockaway Beach Boule, and others, Edgemere, Queens on December 08, 2021.

• Arker Companies borrowed $34 million from Wells Fargo for 51-15 Rockaway Beach Blvd, 51-17 Rockaway Beach Blvd, Arverne, Queens on February 24, 2020.

Development:

• Arker Companies filed new building job 421133302 for 220,478 sqft R-2 building with 257 apartments in Edgemere, Queens, on September 25, 2020.

• Alex Arker filed major alteration job Q00498449 for 1 sqft S-2 building with 0 apartments in Edgemere, Queens, on July 13, 2021.

• John Pardo filed major alteration job 420116948 for 149,845 sqft I-2 building in Edgemere, Queens, on December 21, 2009.

• Christopher Mccartin filed alteration job Q01346633 for 49,040 sqft R-2 building with 237 apartments in Edgemere, Queens, on January 28, 2026.

• Christopher Mccartin filed alteration job Q01226652 for 750 sqft R-2 building with 237 apartments in Edgemere, Queens, on June 03, 2025.

• Christopher Mccartin filed alteration job Q01157038 for 255,337 sqft R-2 building with 237 apartments in Edgemere, Queens, on April 02, 2025.

• Christopher Mccartin filed alteration job Q01147932 for 32,080 sqft building with 0 apartments in Edgemere, Queens, on February 10, 2025.

• Christopher Mccartin filed alteration job Q01059335 for 1,000 sqft building with 0 apartments in Edgemere, Queens, on June 11, 2024.

Latest Stories:

• Tishman Speyer signs $132.3M construction loan for 237-unit development in Edgemere (July 10, 2023)

• Tishman Speyer pays $90.4M to Arker Companies for development parcels in Edgemere (December 09, 2021)

• Arker files plans for 257-unit rental, first of 11-building, 2,200-unit Edgemere Commons (September 28, 2020)

• Arker Companies borrows $34M from Wells Fargo for development site in Arverne (February 25, 2020)