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2X Elevatored Multifamily - For Sale

$18,000,000

109-15 & 109-25 Merrick Boulevard, Queens, NY 11433

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Last Updated: 07/21/2025

1,270,577

NOI

118,566 sqft

Building Size

Details:
NOI:    $1,270,577
Building Size:    118,566 sqft
Units:    132
Price Per Sqft:    $151
Price Per Unit:    $136,000
Highlights:
  • SCALE, DENSITY, EFFICIENT MANAGEMENT: Opportunity to acquire significant scale within one city block, maximizing management efficiency.
  • SUBSTANTIAL CASHFLOW: The property is currently grossing $2,408,520, an average of $24 /SF.
  • UNPARALLELED LIGHT & AIR: The property consists of two standalone 6-story buildings, with windows on all four sides of each.
  • LARGE APARTMENT LAYOUTS: All apartments have large bedroom layouts and proper living areas.
  • THE JAMAICA NEIGHBORHOOD PLAN IS CURRENTLY IN REVIEW, PROPOSING: -12,000 new housing units, including 4,000 affordable. - $300M+ in infrastructure upgrades, covering sewer systems, transit access, open spaces, and commercial expansions.
  • TRANSIT PROXIMITY ADVANTAGE: Jamaica is a key intermodal hub (LIRR, subway, JFK AirTrain), fueling demand.
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