129-24 Merrick Boulevard

$3,750,000
Price
16
Beds
8
Baths
8,387 Sq. Ft.
$447 / Sq. Ft.
8,387
Sq. Ft.
$447
per Sq. Ft.

Description

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...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.
  1. Listed by Marc Richter • Commerce Realty Group
    P: 718-380-3292 C: 718-751-5799 marcrichter56@gmail.com

Property Details for 129-24 Merrick Boulevard

Township
Queens
Architectural Style
Contemporary
Zoning Description
R5D,R3X, C2-3
Garage Spaces
.00
Section Area
130th Avenue
Offer Presentation
Can be Present

Location

Listing Courtesy of Commerce Realty Group
Add your commute
LISTING UPDATED: 04/17/2024 02:45 PM

Property Details for 129-24 Merrick Boulevard

StatusActive
MLS ID3524353
Days on Market111
Taxes$21,000 / year
Maintenance-
Min. Down Pymt-
Total Rooms24.0
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1930
Lot Size4,145 SF / 21' x 64'
CountyQueens County

Building

129-24 Merrick Blvd

1 Units1 StoriesBuilt in 1930

Location

Listing Courtesy of Commerce Realty Group
Add your commute

Building Information for 129-24 Merrick Boulevard

Stories1Residences1Year Built1930Building Size20' x 55'Building Sq. Ft1,100 SFLot Size4,145 SF / 21' x 64'Building Age-Building Type-

Payment Calculator

$22,215 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

$1,750

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 129-24 Merrick Boulevard

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 14
  • Directions: GOOGLE
  • Tax Block: 12538
  • Tax Lot: 1
  • Property Attached: Yes
  • Structure Type: true
  • Levels: Three Or More
  • New Construction YN: Yes
  • Flood Zone Report: 1
  • Flood Zone Date: 2024-04-17
  • Square Footage Source: Blue Print
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Queens 29
  • Elementary School District: Queens 29
  • Middle Or Junior School District: Queens 29
  • Middle Or Junior School: Collaborative Arts Middle School
  • High School District: Queens 29
  • High School: Queens Prep Academy
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Number Of 2 Bedrooms: 8
  • Building Units Total: 8
Room Information
Room 1 Information
  • Room Level: First
  • Room Type: Additional
  • RoomDescription 1: 4 FLOORS, EACH FLOOR CONTAINS 2 APARTMENTS
Income & Expenses Information
Income & Expenses Information
  • Other Expense: $82,505.00
Interior and Exterior Features
Interior Features
  • Amenities: Contemporary, Public
  • Number Of Kitchens: 8.0
  • Total Rooms: 24
  • Living Area: 8387.0
  • Living Area Units: Square Feet
  • Basement: Finished, Full
  • Fireplaces Total: 0
  • Location Amenities: Corner Apartment
  • Common Walls: 1 Common Wall
Exterior Features
  • Exterior Property Features: Private, Driveway
  • Elevation Certificate: No
  • Construction Materials: Frame,Stucco
Lot Information
  • Lot Size Dimensions: 46x47
  • Building Size: 47X48
  • Building Area Units: Square Feet
Parking
  • Parking Features: Private, Driveway
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: Yes
  • Cooling: Central Air
  • Heating: Electric
  • Heat Fuel Type: Electric
  • Hot Water: Electric Stand Alone
  • Number Of Separate Gas Meters: 0
  • Sewer: Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 8
Green Features
  • Green Features: Electric

Property History for 129-24 Merrick Boulevard

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 129-24 Merrick Boulevard

This home is within New York City Geographic District #29.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Cynthia Jenkins School
PublicPK to 5

Collaborative Arts Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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129-24 Merrick Boulevard is a multi-family home for sale in St. Albans. This property was listed for sale on January 8, 2024 by Commerce Realty Group, it's currently listed at $3,750,000. It has been on the market for a total of 111 days and was last sold on January 11, 2019. This listing's school district is New York City Geographic District #29. Nearby schools include Cynthia Jenkins School, Collaborative Arts Middle School and George Washington Carver High School For The Scien. 129-24 Merrick Boulevard is a 16-bed, 8-bath, 8,387 sqft multi-family home built in 1930.

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Listing Courtesy of Commerce Realty Group

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.