Mehra Properties

13 East 16th St 4th floor New York, NY 10003

People:

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Mehra Properties portfolio

$19.2 million* – industrial 63%, walkup 16%; Queens 88%, Bronx 11%

1796th largest portfolio by dollar value

122,289 sqft – industrial 72%, walkup 12%;

1684th largest by SF

9 properties – Queens 77%, Bronx 22%

952th largest

15 residential units – Queens 100%, Manhattan 0%

3589th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $7.5 million

Borrower company: 2 for $13.7 million

Top Ten Associated Companies:

David Sedgh (1), Signature Bank (1), Basil Messados (1), LB Northeast Developers (1), Barbara Miller (1), Pinco Finance (1), Jerrold G. Levy (1), Pinco FInance (1)

Top Ten Associated People:

Ashok Mehra (2), David Sedgh (1), Basil Messados (1), Barbara Miller (1), Jerrold G. Levy (1)

Recent activity as company:

Mehra Properties borrowed $6.5 million from Pinco FInance for 55-02 Broadway and N/A Broadway, Woodside, Queens on January 30, 2025.

Mehra Properties borrowed $7.2 million from Pinco Finance for 71-09 Austin Street, Forest Hills, Queens on November 27, 2024.

• Jerrold G. Levy sold 71-09 Austin Street, Forest Hills, Queens for $7.5 million to Mehra Properties on November 27, 2024.

Barbara Miller sold 36-35 35th Street, Long Island City, Queens for $7.9 million to Mehra Properties on July 05, 2022.

David Sedgh sold 40-15 104th Street and 40-13 104th Street, Corona, Queens for $4.5 million to Mehra Properties on February 07, 2022.

Mehra Properties borrowed $7 million from Signature Bank for 15-30 130th Street, College Point, Queens on February 09, 2021.

Basil Messados sold 15-30 130th Street, College Point, Queens for $12.4 million to Mehra Properties on September 16, 2020.

• LB Northeast Developers sold 3211 White Plains Road, 3201 White Plains Road, Bronxwood, Bronx for $5.4 million to Mehra Properties on December 13, 2019.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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