12924 Merrick Blvd
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12924 Merrick Blvd
8 Unit Apartment Building $3,750,000 ($468,750/Unit) 9.02% Cap Rate Jamaica, NY 11434
Investment Highlights
- 8 Units (2BD/1BA)
- 4 Floors
- Lot Size: 46X71 IRR
- 9% Cap Rate
- Building Size: 8,387 SF
- Zone: R5D, R3X, C2-3
Executive Summary
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.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$405,024
|
$48.29
|
| Other Income |
$15,600
|
$1.86
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$420,624
|
$50.15
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$82,505
|
$9.84
|
| Net Operating Income |
$338,119
|
$40.31
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $405,024 |
| Annual Per SF | $48.29 |
| Other Income | |
|---|---|
| Annual | $15,600 |
| Annual Per SF | $1.86 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $420,624 |
| Annual Per SF | $50.15 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $82,505 |
| Annual Per SF | $9.84 |
| Net Operating Income | |
|---|---|
| Annual | $338,119 |
| Annual Per SF | $40.31 |
Property Facts Under Contract
Unit Amenities
- Heating
- Basement
Site Amenities
- 24 Hour Access
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Walk Score ®
Very Walkable (86)
Transit Score ®
Excellent Transit (73)
PROPERTY TAXES
| Parcel Number | 12538-0001 | Improvements Assessment | $340,754 |
| Land Assessment | $112,396 | Total Assessment | $453,150 |
PROPERTY TAXES
Parcel Number
12538-0001
Land Assessment
$112,396
Improvements Assessment
$340,754
Total Assessment
$453,150
zoning
| Zoning Code | R5D (R5 - Medium density district with a height limit of 40 feet) |
| R5D (R5 - Medium density district with a height limit of 40 feet) |
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12924 Merrick Blvd
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