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114-62 Merrick Boulevard

Avi Silver Purchases Mixed-Use Property At 114-62 Merrick Boulevard For $1.1M With Nadine Morency-Mohs As The Broker
SOLDMixed-use

Avi Silver Purchases Mixed-Use Property At 114-62 Merrick Boulevard For $1.1M With Nadine Morency-Mohs As The Broker

114-62 Merrick Boulevard

$1,100,000

$458/SF

Building Size

2,400 SF

Asset Type

Mixed-use

Closing

Mar 16, 2026

AI

The property involved in this transaction is a mixed-use asset located at 114-62 Merrick Boulevard in Jamaica, comprising 1 commercial unit and 2 residential units. It was sold for $1,100,000, encompassing a total of 2,400 square feet, resulting in a price per unit of $366,667 and a price per square foot of $458.

Summary of transaction details:

  • Property Type: Mixed-use (1 Commercial & 2 Residential)
  • Transaction Amount: $1,100,000
  • Buyer: Avi Silver
  • Seller: Asia German
  • Broker: Nadine Morency-Mohs - Jaymore Realty
  • Units: 3
  • Square Footage: 2,400
  • Price Per Unit: $366,667
  • Price Per Square Foot: $458

The key individuals in this deal include Avi Silver, who acted as the buyer and Asia German, the seller. The transaction was facilitated by broker Nadine Morency-Mohs representing Jaymore Realty in this sale, ensuring the process was managed effectively.

Players

Nadine Morency-Mohs

Broker

$11.3M

vol

8 deals

Broker

Jamaica Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93