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
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