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Ryan Mehra Purchases Industrial Asset In Astoria From Michael Okon For $7.525M

Property Image
SOLD
$7,525,000
Vincenzo Amato
Theo Kontis
Kelly Koukou
+ 1

New York

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Industrial20,000 SF
Sold 08/15/2025
the dealplayerscompscontact
Property Image
SOLD

Ryan Mehra Purchases Industrial Asset In Astoria From Michael Okon For $7.525M

18 21 Steinway Place

See Similar Deals
Industrial20,000 SF
Sold 08/15/2025
Vincenzo Amato
Theo Kontis
Kelly Koukou
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$376
Total Square Footage:20,000 SF
Transaction Type:Sale

The asset involved in this transaction is an industrial property located at 18-21 Steinway Place in the Astoria market. The sale price was $7,525,000, with a total square footage of 20,000, resulting in a price per square foot of $376.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,525,000
  • Address: 18-21 Steinway Place
  • Market: Astoria
  • Square Footage: 20,000
  • Price per Square Foot: $376
  • Buyer: Ryan Mehra
  • Seller: Michael Okon
  • Buyer's Representatives: Theo Kontis & Vincenzo Amato
  • Seller's Representative: Kelly Koukou - Lee & Associates

This transaction was facilitated by Theo Kontis and Vincenzo Amato, who represented the buyer, while Kelly Koukou from Lee & Associates represented the seller. Their roles were crucial in navigating the complexities of the deal.

Players

Kelly Koukou
Lee & Associates
Kelly Koukou
8 deals$49.4M volume
BROKER
Vincenzo Amato
TEK Realty Advisors TEKRA
Vincenzo Amato
7 deals$72.7M volume
BROKER
Theo Kontis
TEK Realty Advisors TEKRA
Theo Kontis
6 deals$72.7M volume(718) 204-6611
BROKER
Lee & Associates
Lee & Associates
BROKERAGE
Ryan Mehra
Ryan Mehra
7 deals$48M volume
BUYER

Details

SOLD
IMAGE: Vincenzo Amato, Theo Kontis & Kelly Koukou DATE: 8/15/2025 ADDRESS: 18-21 Steinway Place MARKET: Astoria ASSET TYPE: Industrial BUYER: Ryan Mehra SELLER: Michael Okon BUYER'S REP: Theo Kontis (@Tekra_NY) & Vincenzo Amato SELLER'S REP: Kelly Koukou - Lee & Associates (@LeeAssociatesNYC) SALE PRICE: $7,525,000 SF: 20,000 ~ PPSF: $376

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$26,734.74
Cash-on-Cash Return-1.27%
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