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
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