Pankaj Prasad sign $14M refi with JPMorgan Chase for rental in Flushing

Pankaj Prasad through the entity 147-15 Northern Blvd LLC as borrower signed a refi loan with lender JPMorgan Chase Bank valued at $14 million for the 94-unit rental (D1) at 147-15 Northern Boulevard in Flushing, Queens.
The deal closed on April 27, 2021 and was recorded on May 14, 2021.
The property has 90,180 square feet of built space and 0 square feet of additional air rights for a total buildable of 75,680 square feet according to PincusCo analysis of city data. The loan price per built square foot is $155 per the PincusCo analysis.
The signatory for Pankaj Prasad was Pankaj Prasad.

The owners according to the Department of Housing Preservation and Development includes Umesh Diwan, head officer and Pankaj Prasad, officer. The business entity is 147-15 Northern Blvd Llc.

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