First, we need to calculate the moles of each reactant in the solutions.
For $\mathrm{Mg}(\mathrm{NO}_3)_2$:
\[
\text{Molar mass of } \mathrm{Mg}(\mathrm{NO}_3)_2 = 24.305 + 2 \times (14.007 + 3 \times 16.00) = 148.315 \, \text{g/mol}
\]
\[
\text{Moles of } \mathrm{Mg}(\mathrm{NO}_3)_2 = \frac{1.607 \, \text{g}}{148.315 \, \text{g/mol}} = 0.01083 \, \text{mol}
\]
For $\mathrm{NaOH}$:
\[
\text{Molar mass of } \mathrm{NaOH} = 22.990 + 15.999 + 1.008 = 39.997 \, \text{g/mol}
\]
\[
\text{Moles of } \mathrm{NaOH} = \frac{1.137 \, \text{g}}{39.997 \, \text{g/mol}} = 0.02843 \, \text{mol}
\]
The balanced chemical equation for the reaction is:
\[
\mathrm{Mg}(\mathrm{NO}_3)_2 + 2 \mathrm{NaOH} \rightarrow \mathrm{Mg}(\mathrm{OH})_2 \downarrow + 2 \mathrm{NaNO}_3
\]
From the balanced equation, 1 mole of $\mathrm{Mg}(\mathrm{NO}_3)_2$ reacts with 2 moles of $\mathrm{NaOH}$.
\[
\text{Moles of } \mathrm{NaOH} \text{ required} = 0.01083 \, \text{mol} \times 2 = 0.02166 \, \text{mol}
\]
Since we have 0.02843 moles of $\mathrm{NaOH}$, which is more than 0.02166 moles, $\mathrm{Mg}(\mathrm{NO}_3)_2$ is the limiting reactant.
Since $\mathrm{Mg}(\mathrm{NO}_3)_2$ is the limiting reactant, it will completely react:
\[
\text{Moles of } \mathrm{Mg}(\mathrm{NO}_3)_2 \text{ remaining} = 0
\]
\[
\text{Moles of } \mathrm{NaOH} \text{ remaining} = 0.02843 \, \text{mol} - 0.02166 \, \text{mol} = 0.00677 \, \text{mol}
\]
The total volume of the solution after mixing is:
\[
21.33 \, \text{mL} + 32.75 \, \text{mL} = 54.08 \, \text{mL} = 0.05408 \, \text{L}
\]
Concentration of $\mathrm{Mg}^{2+}$:
\[
\text{Since } \mathrm{Mg}(\mathrm{OH})_2 \text{ precipitates completely, } [\mathrm{Mg}^{2+}] = 0
\]
Concentration of $\mathrm{NO}_3^{-}$:
\[
\text{Moles of } \mathrm{NO}_3^{-} = 2 \times 0.01083 \, \text{mol} = 0.02166 \, \text{mol}
\]
\[
[\mathrm{NO}_3^{-}] = \frac{0.02166 \, \text{mol}}{0.05408 \, \text{L}} = 0.4005 \, \text{M}
\]
Concentration of $\mathrm{Na}^{+}$:
\[
\text{Moles of } \mathrm{Na}^{+} = 2 \times 0.01083 \, \text{mol} + 0.00677 \, \text{mol} = 0.02843 \, \text{mol}
\]
\[
[\mathrm{Na}^{+}] = \frac{0.02843 \, \text{mol}}{0.05408 \, \text{L}} = 0.5257 \, \text{M}
\]
Concentration of $\mathrm{OH}^{-}$:
\[
[\mathrm{OH}^{-}] = \frac{0.00677 \, \text{mol}}{0.05408 \, \text{L}} = 0.1252 \, \text{M}
\]
\[
\boxed{[\mathrm{Mg}^{2+}] = 0}
\]
\[
\boxed{[\mathrm{NO}_3^{-}] = 0.4005 \, \text{M}}
\]
\[
\boxed{[\mathrm{Na}^{+}] = 0.5257 \, \text{M}}
\]
\[
\boxed{[\mathrm{OH}^{-}] = 0.1252 \, \text{M}}
\]