Manuel Mejia pays $5.8M for mixed-use in Elmhurst

Manuel Mejia through the entity Mem Realty LLC paid $5.8 million to George Mantikas through the entity Broadway Fmfm LLC for the building at 83-17 Broadway in Elmhurst, Queens, divided into two commercial condominium units, on with 14 residential apartments and the other a commercial unit. The expected use is cash flowing.
The deal closed on January 7, 2026 and was recorded on February 4, 2026. The two properties have 16,850 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $344 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for George Mantikas was George Mantikas. The signatory for Manuel Mejia was Manuel Mejia. The contract date was July 11, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Manuel Mejia had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller George Mantikas had not purchased any other properties and had not sold any properties over the same time period.

The property

The mixed-use building in Elmhurst has 16,850 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 8,450 square feet. The city-designated market value for the property in 2022 is $1.5 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Elmhurst, The bulk, or 40 percent of the 19.8 million square feet of commercial built space are elevator buildings, with mixed-use buildings next occupying 21 percent of the space. In sales, Elmhurst has near average sales volume among other neighborhoods with $290.7 million in sales volume in the last two years and is the 7th highest in Queens. For development, Elmhurst has had very little major development activity relative to other neighborhoods.It had 591,441 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space.

The block

On the tax block of 83-17 Broadway, PincusCo has identified the owners of three of the 17 commercial properties representing 3,216 square feet of the 89,613 square feet. The two identified owners are Eric Y.S. Szeto and City Of New York.
There are no active new building construction projects on this tax block.

The majority, or 57 percent of the 89,613 square feet of built space are mixed-use buildings, with elevator buildings next occupying 43 percent of the space.

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