facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

114 64 Merrick Boulevard

Aron Silver Purchases Multifamily Asset From Janet Williams For $1.575M In Jamaica
SOLDMultiFamily

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

Nadine Morency-Mohs

Broker

$11.3M

vol

8 deals

Broker

Jamaica MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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