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Ashok Mehra & Ryan Mehra Of Mehra Properties Acquire Multifamily Building In Forest Hills For $7.5M

Property Image
SOLD
$7,500,000

New York

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MultiFamily15,098 SF
Sold 11/14/2024
the dealdetailscomps
Property Image
SOLD

Ashok Mehra & Ryan Mehra Of Mehra Properties Acquire Multifamily Building In Forest Hills For $7.5M

71-09 Austin Street

See Similar Deals
MultiFamily15,098 SF
Sold 11/14/2024
the dealdetailscomps

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$496
Total Square Footage:15,098 SF
Transaction Type:Sale

Ashok Mehra and Ryan Mehra of Mehra Properties acquired a seven-unit multifamily residential building located at 71-09 Austin Street in Forest Hills, Queens. The sale of the property was finalized at a price of $7,500,000, attributing a value of $496 per square foot to the 15,098 square feet of space available in the building.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,500,000
  • Buyer: Ashok Mehra & Ryan Mehra - Mehra Properties
  • Seller: Jerrold G. Levy
  • Units: 7
  • Building Size: 20,000 BSF
  • Price Per Unit: $1,071,429
  • Price Per Building Size Foot: $375
  • Price Per Square Foot: $497

This transaction involved Jerrold G. Levy as the seller, marking a significant deal in the Forest Hills market. Mehra Properties, known for their multifamily investments, successfully added this property to their portfolio.

Details

SOLD
IMAGE: Ryan Mehra DATE: 11/14/2024 ADDRESS: 71-09 Austin Street MARKET: Forest Hills, Queens ASSET TYPE: Multifamily BUYER: Ashok Mehra & Ryan Mehra - Mehra Properties SELLER: Jerrold G. Levy SALE PRICE: $7,500,000 UNITS: 7 ~ PPU: $1,071,429 BSF: 20,000 ~ PPBSF: $375 SF: 15,098 ~ PPSF: $497 NOTE: Mehra Properties purchased a seven-unit residential building at 71-09 Austin Street, Queens, for $7.5M, valuing the 15,098-sq.-ft. property at $496 per sq. ft.

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