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35 30 81st Street

Anthos Properties Acquires Multifamily Asset In Prime Jackson Heights For $18.2M
SOLDMultiFamily

Anthos Properties Acquires Multifamily Asset In Prime Jackson Heights For $18.2M

35 30 81st Street

$18,200,000

$200/SF

Building Size

91,000 SF

Asset Type

MultiFamily

Closing

Jun 10, 2025

AI

The property involved in the transaction is a multifamily asset located at 35-30 81st Street in Prime Jackson Heights, comprising 95 apartments and 2 medical spaces. The sale price reached $18,200,000, and the total square footage of the property is 91,000. The price per unit stands at $187,629, while the price per square foot is $200. The property is noted for its long-term ownership and immaculate maintenance.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $18,200,000
  • Units: 97
  • Square Footage: 91,000
  • Price Per Unit: $187,629
  • Price Per Square Foot: $200
  • Cap Rate: 6.9%
  • Gross Rent Multiplier: 7.6x
  • Buyer: Anthos Properties – Paul Anagnostopoulos & Eric Anagnostopoulos
  • Seller: Aris Investment
  • Broker Representatives: Shallini Mehra, Amit Doshi & Dovid Ostrov - Meridian Capital Group

The transaction highlights the involvement of key stakeholders, including buyers Paul Anagnostopoulos and Eric Anagnostopoulos, who represent Anthos Properties, and the sellers, Aris Investment. The brokers, Shallini Mehra, Amit Doshi, and Dovid Ostrov from Meridian Capital Group, played crucial roles in facilitating the deal.

Players

Shallini Mehra

Meridian Capital Group

Broker

$1.1B

vol

78 deals

Broker

Jackson Heights MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.87%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93