About This Restaurant
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.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Storefront Retail/Residential Storefront Retail/Residential General Retail Convenience Store General Retail Fast Food Storefront Retail/Residential
- Building Size 6,658
- Building Class C
- Year Built 1931
- Price 3,690,000
- Price Per SF 554
- Cap Rate 6.31
- NOI 232,916
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 0.90
- Land Acres 0.17 AC
Nearby Amenities & Transportation
| Retail | Chase Bank | ||
| Retail | Key Food | ||
| Retail | CTown Supermarkets | ||
| Retail | ALDI | ||
| Retail | Foodtown | ||
| Retail | Golden Krust Caribbean Bakery | ||
| Retail | Boston Market | ||
| Retail | Starbucks | ||
| Retail | Panda Express | ||
| Retail | Shake Shack |
Property Taxes
| Parcel Number | 10197-0037 10197-0039 10197-0038 | Improvements Assessment | $27,474 |
| Land Assessment | $85,155 | Total Assessment | $112,629 |
| Date Created: | 2024-07-16 04:18:01 | Last Updated: | 2024-07-16 04:18:01 |
| Address: | 11024-11028 Merrick Blvd , Jamaica, New York, 11433 | ||