Peter Papamichael borrows $20M from Apple Bank For Savings for multifamily property in Astoria

Peter Papamichael through the entity Aris Crescent LLC as borrower signed a loan agreement with lender Apple Bank For Savings valued at $20.0 million for 8 parcels, including the tax class multifamily, over six families without stores (C1) and containing 256 residential units at 21-14 Crescent Street, 21-24 Crescent Street, 21-32 Crescent Street, 21-36 Crescent Street, 21-44 Crescent Street, and others in Astoria. The deal closed on January 28, 2020 and was recorded on February 24, 2020.

The average loan per unit is $78,125.

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