Richard Podpirka borrows $20M from New York Community Bank for multifamily property in Flushing

Richard Podpirka through the entity Orca LLC as borrower signed a loan agreement with lender New York Community Bank valued at $19.8 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 161 residential units at 144-25 Roosevelt Avenue in Flushing. The deal closed on December 18, 2019 and was recorded on February 3, 2020.
The property contains a total of 128,901 square feet of built space.
The average loan per unit is $122,832.
The last time the property sold was October 21, 2009, for $18,700,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $100,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link