Aron Silver Purchases Multifamily Asset From Janet Williams For $1.575M In Jamaica
114 64 Merrick Boulevard
$1,575,000
$268/SF
Building Size
5,874 SF
Asset Type
MultiFamily
Closing
Mar 11, 2025
AI
This multifamily asset located at 114-64 Merrick Boulevard in Jamaica was sold for $1,575,000. The property includes 9 units, with a price per unit of $175,000, and encompasses a total square footage of 5,874, equating to a price per square foot of $268.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Address: 114-64 Merrick Boulevard
- Market: Jamaica
- Units: 9
- Price per Unit: $175,000
- Square Footage: 5,874
- Price per Square Foot: $268
- Buyer: Aron Silver
- Seller: Janet Williams
- Broker: Nadine Morency-Mohs - Jaymore Realty LLC
Nadine Morency-Mohs represented both buildings sold to two separate buyers in this transaction.
Players
Jamaica MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93