Alexander Nicolaides borrows $5M from Lakeland Bank to refi new multifamily property in Astoria

Alexander Nicolaides through the entity Anaxos, LLC as borrower signed a loan agreement with lender Lakeland Bank valued at $5.0 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 14 residential units at 25-83 31st Street in Astoria. The deal closed on March 31, 2020 and was recorded on April 8, 2020.
The property contains a total of 19,299 square feet of built space.
The average loan per unit is $357,143.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 14 residential units on August 5, 2019.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link