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Efstathios Valiotis Of Alma Realty Secures $83M Refinance Loan For Crown Heights Multifamily Portfolio
FINANCED
$83,000,000
New York
See Similar DealsMultiFamily785,558 SF
Financed 04/14/2026
FINANCED
Efstathios Valiotis Of Alma Realty Secures $83M Refinance Loan For Crown Heights Multifamily Portfolio
545 Prospect Place & 713 Classon Avenue
See Similar DealsMultiFamily785,558 SF
Financed 04/14/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$105
Total Square Footage:785,558 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$83,000,000.00
Monthly NOI$553,333.33
Monthly Debt Service$524,616.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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