12924 Merrick Blvd - Apartments FOR SALE


Jamaica, NY 11434
$3,750,000 USD
718-751-5799
12924 Merrick Blvd, Jamaica, NY for Sale
$3,750,000 USD
Apartments - FOR SALE
1/14
null | 9.02% Cap Rate

12924 Merrick Blvd
Jamaica, NY 11434


HIGHLIGHTS

  • 8 Units (2BD/1BA)
  • 9% Cap Rate
  • 4 Floors
  • Building Size: 8,387 SF
  • Lot Size: 46X71 IRR
  • Zone: R5D, R3X, C2-3

OVERVIEW

Attention all investors, this is your chance to own a BRAND NEW BUILDING in Jamaica, Queens! 129-24 Merrick Blvd. features 4 floors, and 8 apartments with a 9% Cap Rate. The building will be delivered with full occupancy, with CITYFHEPS tenants and leases. Each unit features an open layout concept with two bedrooms, 1 bathroom, a kitchen with brand-new stainless steel appliances, and a living/dining room. Don't miss out on this exceptional opportunity to own a new building with substantial income potential.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

8

PRICE/UNIT

$468,750

CAP RATE

9.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,445 SF

ZONING

R5D

APN/PARCEL ID

12538-0001

ASK ABOUT THIS PROPERTY

Marc RichterCommerce Realty GroupMore Info
718-751-5799

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Marc RichterCommerce Realty GroupMore Info
718-751-5799

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