11024-11028 Merrick Blvd - Storefront Retail/Residential FOR SALE


Jamaica, NY 11433
$2,900,000 USD
516-496-8888
11024-11028 Merrick Blvd, Jamaica, NY for Sale
$2,900,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 8.03% Cap Rate

11024-11028 Merrick Blvd
Jamaica, NY 11433


HIGHLIGHTS

  • Free Market Mixed-Use Tax Class Protected
  • 100% Occupied - 6 Residential and 3 Commercial Units
  • Paved and Gated Leased Parking Lot

OVERVIEW

11024-11028 is an assemblage of three mixed-use properties on the northwest corner of Merrick Blvd and 110th Rd in South Jamaica, Queens. The properties each include 2 residential units on top of 1 retail per building and the apartments have all been recently renovated. There is a rear yard on 110th Rd with an existing curb-cut which has been recently paved, gated, and leased to a construction company for parking and storage. The properties lie exactly 1 mile south of Jamaica Ave and the nearby Jamaica Center-Parsons/Archer and LIRR hubs and the subject stretch of Merrick Blvd is serviced by the Q4,5,84,85 and n4 bus lines.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$436 USD /SF

CAP RATE

8.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Free Market Mixed-Use Queens Corner w Parking

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Fast Food

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R5D, C2-4

APN/PARCEL ID

10197-0037,10197-0038,10197-0039

ASK ABOUT THIS PROPERTY

Matthew ColantonioSchuckman Realty, Inc.More Info
516-496-8888

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Matthew ColantonioSchuckman Realty, Inc.More Info
516-496-8888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.