Apostolos Anagnostopoulos signs $11M refi with Signature Bank for rental in Elmhurst

Apostolos Anagnostopoulos through the entity NA Broadway Realty LLC as borrower signed a refi loan with lender Signature Bank valued at $11 million for the 71-unit rental (D1) at 80-20 Broadway in Elmhurst, Queens.
The deal closed on July 30, 2021 and was recorded on August 16, 2021.
The property has 73,995 square feet of built space and 0 square feet of additional air rights for a total buildable of 66,400 square feet according to PincusCo analysis of city data. The loan price per built square foot is $148 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on 29-Mar-16, for $13.3 million.
The signatory for Apostolos Anagnostopoulos was Apostolos Anagnostopoulos.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $197,050.
The owners according to the Department of Housing Preservation and Development includes Iraklis Anagnostopoulos, head officer and Apostolos Angnostopoulos, officer. The business entity is Na Broadway Realty Llc.

Within a 400-foot radius of 80-20 Broadway, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, two were loans above $5 million totaling $49.8 million. The most recent of the two was Cammeby’s International Group which borrowed $44.8 million from Capital One, National Association secured by the 99,000-square-foot, 26-unit rental (C1) on 80-30 Broadway and six other properties on March 15, 2021.

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