Log In/Sign Up
Your email has been sent.
109-15 Merrick Boulevard 10915 Merrick Blvd 132 Unit Apartment Building $23,182,515 CAD ($175,625 CAD/Unit) 7.50% Cap Rate Jamaica, NY 11433
Investment Highlights
- SCALE, DENSITY, EFFICIENT MANAGEMENT: Opportunity to acquire significant scale within one city block, maximizing management efficiency.
- UNPARALLELED LIGHT & AIR: The property consists of two standalone 6-story buildings, with windows on all four sides of each.
- THE JAMAICA NEIGHBORHOOD PLAN IS CURRENTLY IN REVIEW, PROPOSING: 12,000 new housing units, including 4,000 affordable.
- SUBSTANTIAL CASHFLOW: The property is currently grossing $2,408,520, an average of $24 /SF.
- LARGE APARTMENT LAYOUTS: All apartments have large bedroom layouts and proper living areas.
- TRANSIT PROXIMITY ADVANTAGE: Jamaica is a key intermodal hub (LIRR, subway, JFK AirTrain), fueling demand.
Executive Summary
Broker of Record
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
| Price | $23,182,515 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $175,625 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.94 AC |
| Cap Rate | 7.50% | Building Size | 118,566 SF |
| Gross Rent Multiplier | 7 | No. Stories | 6 |
| No. Units | 132 | Year Built | 1963 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R5D, Queens,(D1) - Medium density district with a height limit of 40 feet | ||
| Price | $23,182,515 CAD |
| Price Per Unit | $175,625 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Gross Rent Multiplier | 7 |
| No. Units | 132 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 118,566 SF |
| No. Stories | 6 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
| Zoning | R5D, Queens,(D1) - Medium density district with a height limit of 40 feet |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Elevator
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 10262-0011 | Improvements Assessment | $3,097,466 CAD |
| Land Assessment | $1,284,741 CAD | Total Assessment | $4,382,207 CAD |
Property Taxes
Parcel Number
10262-0011
Land Assessment
$1,284,741 CAD
Improvements Assessment
$3,097,466 CAD
Total Assessment
$4,382,207 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
109-15 Merrick Boulevard | 10915 Merrick Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.