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

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.