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129 Merrick Blvd Plaza 129-32 Merrick Boulevard, Jamaica, New York, 11434

 
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Verified : 6/13/2013 Sold

129 Merrick Blvd Plaza 129-32 Merrick Boulevard, Jamaica, New York, 11434

$1,600,000   / For sale

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Property Highlights

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$1,600,000
Sale Price:
$1,600,000
Price/SF:
Unlisted
CAP Rate (%):
8
NOI:
$12,855,736
Net Lease:
Unlisted
Gross Leasable Area (SF):
4,446
Total Lot Size (SF):
7,144
Occupancy (%):
100
Population Range:
57,000-500,000
Household Income:
$40,000-$50,000
Traffic Counts:
10,000-16,000
County:
Queens
Zoning:
Unlisted
Market:
Unlisted
Submarket:
Unlisted
Lot:
4
Block:
12538
Bldg. Size:
4,446
Net Rental Area:
4,446
Number Of Floors:
1
Number Of Units:
3
Year Of Build:
2006
Year Of Renovation:
Unlisted
Vacant SF:
0
Price/SF:
Unlisted
Parcel Number:
Unlisted
Tenancy Type:
Multi-Tenant
Construction Status:
Existing
Construction Type:
Concrete Block
Sprinkler:
Unlisted
Owner Occupied:
Unlisted

Property Description

129 Merrick Plaza is a 4,446 square foot one-story retail strip center on 7,144 square foot lot. The strip center is occupied for four retail tenants. There is a Twenty Five year ICIP tax abatement is in place for this property. Fifteen Years remaining.

Location Description

Superior Location

The strip center is located on an intersection of 130th Street and Merrick Boulevard. The strip center is surrounded by national and local retailers.

Strong Demographics

Jamaica Queens is located in south east of Queens County and is considered to be an established middle income area. The enclosed demographics indicate a one-mile radius population of 96,000 people with a median family income of $41,806.

Listing Attachments

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