Richard Podpirka borrows $17M from New York Community Bank for multifamily property in Sunnyside

Richard Podpirka through the entity Pilchard LLC as borrower signed a loan agreement with lender New York Community Bank valued at $17.3 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 94 residential units at 43-31 45th Street in Sunnyside. The deal closed on December 18, 2019 and was recorded on January 2, 2020.
The property contains a total of 79,830 square feet of built space.
The average loan per unit is $183,553.
The last time the property sold was May 14, 2015, for $27,500,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 94 residential (or hotel) units on May 13, 2019.
Over the past five years, there have been 22 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $10,000. There were 21 renovation/alteration projects (A2) applied for with a total estimated value of $1,431,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link