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107 10 Shore Front Parkway

Updated Jan 14, 2026

Efstathios Valiotis Of Alma Realty Secures $92.5M Refinance Loan From Deutsche Bank For Multifamily Asset
FINANCEDMultiFamily

Efstathios Valiotis Of Alma Realty Secures $92.5M Refinance Loan From Deutsche Bank For Multifamily Asset

107 10 Shore Front Parkway, 106 20 Shore Front Parkway & 106 10 Shore Front Parkway

$92,500,000

Units

770

Asset Type

MultiFamily

Closing

Dec 30, 2025

About this deal

AI

Three residential elevator buildings located at 107-10 Shore Front Parkway, 106-20 Shore Front Parkway, and 106-10 Shore Front Parkway in Rockaway Beach, Queens, consisting of a total of 770 multifamily units have undergone refinancing. The transaction was completed with a loan amount of $92,500,000 from Deutsche Bank, which replaced a prior debt of $107.1 million held by Flagstar Bank.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $92,500,000
  • Address: 107-10 Shore Front Parkway, 106-20 Shore Front Parkway & 106-10 Shore Front Parkway
  • Market: Rockaway Beach, Queens
  • Lender: Deutsche Bank
  • Landlord: Efstathios Valiotis - Alma Realty
  • Loan Type: Refinance
  • Units: 770

Efstathios Valiotis of Alma Realty is the key individual associated with the transaction, representing the landlord in the refinance deal. The prior lenders were Flagstar Bank, which held the previous debt prior to this transaction.

On the Map

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$92,500,000

MultiFamily

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Players

Deutsche Bank
Deutsche BankLender
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Rockaway Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $120.1K per unit across 770 units on a published $92.5M (2025).

Browse Rockaway Park multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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