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10915 Merrick Blvd
Jamaica, NY 11433 Jamaica

$16,950,000 USD

Apartments For Sale  •  118,566 SF

Property Details

• Property Type Apartments
• Total Building Size 118,566 SF
• Lot Size 0.94 AC
• Building Class C
• Year Built 1963
• Cap Rate 7.50 %
• Zoning R5D, Queens,(D1)

100 Transit Score

100 Walk Score

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.

TRANSIT PROXIMITY ADVANTAGE: Jamaica is a key intermodal hub (LIRR, subway, JFK AirTrain), fueling demand.

Cap Rate:

7.50 %

Amenities

• Refrigerator
• Oven
• Range
• Tub/Shower
• Elevator

Public Transportation

Commuter Rail	Drive	Walk	Distance
St. Albans (Babylon Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	4 min	-	1.3 mi
Hill (Hempstead Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road)	4 min	-	1.5 mi
Airport	Drive	Walk	Distance
John F Kennedy International	10 min	-	6.1 mi
LaGuardia	16 min	-	9.0 mi
Newark Liberty International	43 min	-	28.7 mi