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

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SOLD
$18,200,000

New York

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MultiFamily91,000 SF
Sold 06/11/2025
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SOLD

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

35 30 81st Street

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MultiFamily91,000 SF
Sold 06/11/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:91,000 SF
Transaction Type:Sale

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
78 deals$1.1B volume
BROKER

Amit Doshi
Meridian Capital Group
87 deals$1.3B volume
BROKER

Dovid Ostrov
Meridian Capital Group
4 deals$63.2M volume(212) 612-0248
BROKER

Details

SOLD
IMAGE: Paul Anagnostopoulos, Eric Anagnostopoulos, Amit Doshi, Shallini Mehra & Dovid Ostrov DATE: 6/11/2025 ADDRESS: 35-30 81st Street MARKET: Prime Jackson Heights ASSET TYPE: Multifamily (95 APTS + 2 Medical Spaces) BUYER: Anthos Properties (@AnthosProperties) – Paul Anagnostopoulos & Eric Anagnostopoulos SELLER: Aris Investment BROKERS: Shallini Mehra (@Shallini_Mehra), Amit Doshi (@NYInvestmentProperties) & Dovid Ostrov - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $18,200,000 UNITS: 97 ~ PPU: $187,629 SF: 91,000 ~ PPSF: $200 NOTE FROM BROKER: 100% RS, Long term ownership and immaculately maintained investment property CAP RATE: 6.9% GRM: 7.6x

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42