109-15 & 109-25 MERRICK BLVD
132 Apartments | 7x GRM | $140 / SF | 500+ Ft Frontage
Investment 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.
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