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127-01 Merrick Blvd
Jamaica, NY 11434
Asking Price
$7.10M
Cap Rate
6.36%
Asset Type
Retail
Class
Class B
What's Special
11-UNIT HIGH-VISIBILITY RETAIL STRIP CENTER INVESTMENT <h3><span style="color: rgba(31, 31, 31, 1)">1. High-Visibility Strategic Location</span></h3><ul><li><strong style="color: rgba(31, 31, 31, 1)">Corner Presence:</strong><span style="color: rgba(31, 31, 31, 1)"> The property is a prominent one-story retail strip center located on a heavily trafficked commercial corridor in Jamaica/Springfield Gardens, Queens.</span></li><li><strong style="color: rgba(31, 31, 31, 1)">Significant Frontage:</strong><span style="color: rgba(31, 31, 31, 1)"> Approx
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NOI
$80,000
Cap Rate
1.13%
DSCR
0.19
Underwater
Cash-on-Cash
-16.03%
Monthly Payment
$35,126.926
Annual Cash Flow
$-341,523.113
