Updated Apr 27, 2026
Efstathios Valiotis Of Alma Realty Secures $83M Refinance Loan For Crown Heights Multifamily Portfolio
545 Prospect Place & 713 Classon Avenue
$83,000,000
$105/SF
Building Size
392,779 SF
Asset Type
MultiFamily
Closing
Apr 14, 2026
About this deal
AI
The transaction involves a multifamily portfolio located in Crown Heights, Brooklyn, comprising five properties totaling 392,779 square feet. The address includes 545 Prospect Place and 713 Classon Avenue, among others, with a focus on refinancing through a significant loan amount.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $83,000,000
- Lender: Zions Bancorporation
- Landlord: Efstathios Valiotis - Alma Realty
- Number of Units: 1,260
- Entity Involved: 480 St. Marks Ave LLC
Efstathios Valiotis represents Alma Realty in this refinancing deal, demonstrating the collaboration with Zions Bancorporation to manage the portfolio effectively. This transaction covers multiple buildings, enhancing the overall investment strategy of the involved entities.
On the Map
$83,000,000
$105/SF
MultiFamily
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93