Mehra Properties Acquires Mixed-Use Asset In Forest Hills From Imperial Sterling Ltd For $7.49M

The property asset involved in this transaction is a mixed-use building located at 71-09 Austin Street in the Forest Hills neighborhood of Queens. The sale price for the asset was $7,492,966, covering a total square footage of 13,400, resulting in a price per square foot of $559.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,492,966
• Address: 71-09 Austin Street
• Market: Forest Hills, Queens
• Square Footage: 13,400
• Price per Square Foot: $559
• Buyer: Mehra Properties
• Seller: Imperial Sterling, Ltd
• Brokerage Firm: Meridian Capital Group
• Brokers involved: Thomas Donovan, Tommy Lin, Abby Todd, and Eugene Kim

The deal was facilitated by multiple representatives from Meridian Capital Group, which included Thomas Donovan, Tommy Lin, Abby Todd, and Eugene Kim, indicating a collaborative effort in managing the transaction between Mehra Properties and Imperial Sterling, Ltd.