10915 Merrick Blvd - Apartments FOR SALE
Jamaica, NY 11433 |
$18,000,000 USD
914-584-7422
10915 Merrick Blvd
Jamaica, NY 11433
HIGHLIGHTS
- SCALE, DENSITY, EFFICIENT MANAGEMENT: Opportunity to acquire significant scale within one city block, maximizing management efficiency.
- SUBSTANTIAL CASHFLOW: The property is currently grossing $2,408,520, an average of $24 /SF.
- UNPARALLELED LIGHT & AIR: The property consists of two standalone 6-story buildings, with windows on all four sides of each.
- LARGE APARTMENT LAYOUTS: All apartments have large bedroom layouts and proper living areas.
- THE JAMAICA NEIGHBORHOOD PLAN IS CURRENTLY IN REVIEW, PROPOSING: 12,000 new housing units, including 4,000 affordable.
- TRANSIT PROXIMITY ADVANTAGE: Jamaica is a key intermodal hub (LIRR, subway, JFK AirTrain), fueling demand.
FOR SALE DETAILS
PRICE
$18,000,000 USD
PRICE/SF
$152 USD /SF
# OF UNITS
132
PRICE/UNIT
$136,364
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
109-15 & 109-25 Merrick Boulevard
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
6
YEAR BUILT
1963
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.94 AC
LAND SF
41,121 SF
ZONING
R5D, Queens,(D1)
APN/PARCEL ID
10262-0011
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914-584-7422
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914-584-7422
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