Efstathios Valiotis Of Alma Realty Refinances Multifamily Asset In Long Island City For $24M

A multi-family residential building located at 37-21 31st Street, Long Island City, Queens, encompasses a total square footage of 123,820 and consists of 80 units. Alma Realty refinanced the property with a loan amount of $24,000,000 from Deutsche Bank, which replaces prior debt held with M&T Bank.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $24,000,000
• Loan Type: Refinance
• Lender: Deutsche Bank
• Landlord: Efstathios Valiotis - Alma Realty
• Market: Long Island City, Queens
• Square Footage: 123,820
• Units: 80

Efstathios Valiotis, representing Alma Realty, facilitated the refinancing deal for the 80-unit residential property, working with Deutsche Bank to secure the funding needed to replace the existing financial obligations with M&T Bank.