Dimitrios Sidiropoulos borrows $12.5M from TD Bank to refi new multifamily property in Astoria

Dimitrios Sidiropoulos through the entity Newton Residence LLC as borrower signed a loan agreement with lender Td Bank, N.A. valued at $12.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 49 residential units at 27-13 21st Street in Astoria. The deal closed on March 27, 2020 and was recorded on April 14, 2020.
The property contains a total of 47,954 square feet of built space.
The average loan per unit is $255,102.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 52 residential units on September 5, 2019.
Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $5,100,000. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $2,537,778.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link