Ryan Mehra Of Mehra Properties Acquires Mixed-Use Portfolio In South Richmond Hill For $7,282,500
117-02 Liberty Avenue, 117-04 Liberty Avenue, 117-06 Liberty Avenue & 117-08 Liberty Avenue
$7,282,500
Building Size
—
Asset Type
Mixed-use
Closing
Jun 30, 2026
AI
A mixed-use portfolio located at 117-02, 117-04, 117-06 & 117-08 Liberty Avenue in South Richmond Hill, Queens, was involved in this transaction. The asset was sold for a total of $7,282,500.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,282,500
- Buyer: Ryan Mehra - Mehra Properties
- Seller: Harold Weidman
- Date of Sale: 06/30/2026
Ryan Mehra, representing Mehra Properties, successfully acquired the multi-property deal from seller Harold Weidman. This transaction reflects the ongoing activity in the South Richmond Hill market.
Players
South Richmond Hill Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.18%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93