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Free Market Mixed-Use Queens Corner w Parking 11024-11028 Merrick Blvd 6,658 SF 100% Leased Retail Building Jamaica, NY 11433 $2,900,000 ($435.57/SF) 8.03% Cap Rate

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INVESTMENT HIGHLIGHTS

Free Market Mixed-Use Tax Class Protected
Paved and Gated Leased Parking Lot

100% Occupied - 6 Residential and 3 Commercial Units

EXECUTIVE SUMMARY

11024-11028 is an assemblage of three mixed-use properties on the northwest corner of Merrick Blvd and 110th Rd in South Jamaica, Queens. The properties each include 2 residential units on top of 1 retail per building and the apartments have all been recently renovated. There is a rear yard on 110th Rd with an existing curb-cut which has been recently paved, gated, and leased to a construction company for parking and storage.
The properties lie exactly 1 mile south of Jamaica Ave and the nearby Jamaica Center-Parsons/Archer and LIRR hubs and the subject stretch of Merrick Blvd is serviced by the Q4,5,84,85 and n4 bus lines.

11024 - 11028 Merrick Blvd FOR SALE 2024