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12924 Merrick Blvd
Jamaica, NY 11434

$3,750,000 USD

Apartments For Sale • 8,387 SF

Property Details

Property Type Apartments
Total Building Size 8,387 SF
Lot Size 0.13 AC
Building Class C
Year Built 2024
Cap Rate 9.02 %
Zoning R5D

73 Transit Score

86 Walk Score

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

Property Flyers

129-24-MERRICK-BLVD-OM 4.17.24

Financial Summary (Actual)

Net Operating Income: $338,119 USD (2024)

Cap Rate:	9.02 %
Total Expenses:	$82,505 USD

Amenities

24 Hour Access
Heating
Basement

Public Transportation

Commuter Rail	Drive	Walk	Distance
Locust Manor Station (Far Rockaway Branch - Long Island Rail Road)	2 min	9 min	0.5 mi
Saint Albans Station (West Hempstead Branch - Long Island Rail Road)	7 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
John F. Kennedy International	11 min	-	4.8 mi
La Guardia	21 min	-	12.1 mi
Newark Liberty International	51 min	-	31.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Surface
Included in Rent:	Yes

Marc Richter 718-751-5799 Commerce Realty Group

12924 Merrick Blvd Jamaica, NY 11434