facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Garage

/

Sale

/

18 20 Steinway Street

Ryan Mehra Purchases Garage In Ditmars Steinway Queens For $7.53 Million From Michael Okon
SOLDGarage

Ryan Mehra Purchases Garage In Ditmars Steinway Queens For $7.53 Million From Michael Okon

18 20 Steinway Street

$7,525,000

$376/SF

Building Size

20,000 SF

Asset Type

Garage

Closing

Aug 15, 2025

AI

A garage located at 18-20 Steinway Street in Ditmars-Steinway, Queens, was sold for $7,525,000. The property encompasses 20,000 square feet, which amounts to approximately $376 per square foot.

Summary of transation details:

  • Property Type: Garage
  • Transaction Amount: $7,525,000
  • Address: 18-20 Steinway Street
  • Market: Ditmars - Steinway, Queens
  • Buyer: Ryan Mehra
  • Seller: Michael Okon
  • Square Footage: 20,000
  • Price Per Square Foot: $376

Ryan Mehra was the buyer in this transaction, while the seller was Michael Okon. This closed transaction reflects the ongoing activity within the garage property market in the region.

Players

Ryan Mehra

Buyer

$48M

vol

7 deals

Buyer

Astoria Garage Market Snapshot

Boundary boundary · Garage · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.11%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93