Yiannis Konstantinidis borrows $22M from Alma Bank for office property in Astoria

Yiannis Konstantinidis through the entity Pali Realty, LLC as borrower signed a loan agreement with lender Alma Bank valued at $21.7 million for 2 parcels, including the tax class office building with commercial with seven to 19 stories (O6) at 23-25 31st Street and 23-19 31st Street in Astoria. The deal closed on December 30, 2019 and was recorded on February 10, 2020.

The last time the property sold was February 7, 2008, for $2,950,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on November 24, 2014.
Over the past five years, there have been 23 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 23 renovation/alteration projects (A2) applied for with a total estimated value of $5,131,601.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link