Matthews Logo

Navigation Menu

109-15 & 109-25 Merrick Boulevard, Jamaica, NY, 10433

109-15 & 109-25 Merrick Blvd
$16,950,000

Key Information

Cap Rate
7.5%
$ per SF
$143
Tot. SF
118,566
$ per unit
$128,000
Units
132
Type
Apartments

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. $300M+ in infrastructure upgrades, covering sewer systems, transit access, open spaces, and commercial expansions.
  • Transit Proximity Advantage: Jamaica is a key intermodal hub (LIRR, subway, JFK AirTrain), fueling demand.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203