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    989 Jerusalem Avenue

    Merrick, NY 11566
    • $349,000
    • STATUS: Active
    • ON SITE: 105 days
    • MLS #: 3220393
    UPDATED: 57 min ago
    $349,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1953
    County:
    Area:

    School Ratings & Info

    Description

    Incredible investment or owner-user opportunity with a projected 8.3% Cap Rate right on busy Jerusalem Ave. Property is located 1/10th of a mile to Southern State, and right between heavily-traveled Merrick Ave, Bellmore Ave. and Route 106. Building has a rich history as a music school and music studio, and currently set up as two office spaces in the front (but can be used for retail) and a large one bedroom apartment in the rear. Commercial portion features full bathroom (with shower) and a very large basement space. Residential portion features large living area, eat-in-kitchen, and a sun-drenched bonus room that leads to a private outdoor patio. Expected rent of $3,000 for commercial portion and $1,800 for residential portion. Manageable size provides easy maintenance and upkeep. Updated in 2019. Visit property site for video tour, virtual tour, and more details. A hidden gem in Merrick.

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    © 2020 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2020-09-22T08:16:13.137.
    www.frankschiavone.com/homes/106643321
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    989 Jerusalem Avenue Merrick, NY 11566

    • Price: $349,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 3220393
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1953
    Built
    Neighborhood:
    Hempstead
    County:
    Nassau
    Area:
    Hempstead
    Property Description
    Incredible investment or owner-user opportunity with a projected 8.3% Cap Rate right on busy Jerusalem Ave. Property is located 1/10th of a mile to Southern State, and right between heavily-traveled Merrick Ave, Bellmore Ave. and Route 106. Building has a rich history as a music school and music studio, and currently set up as two office spaces in the front (but can be used for retail) and a large one bedroom apartment in the rear. Commercial portion features full bathroom (with shower) and a very large basement space. Residential portion features large living area, eat-in-kitchen, and a sun-drenched bonus room that leads to a private outdoor patio. Expected rent of $3,000 for commercial portion and $1,800 for residential portion. Manageable size provides easy maintenance and upkeep. Updated in 2019. Visit property site for video tour, virtual tour, and more details. A hidden gem in Merrick.
    Exterior Features

    Building Size 2136SF Business Parking Spaces 0 Loading Dock YN No Lot Size Dimensions 40X81 Parking Total 0.00

    Interior Features

    Ceiling Height 8 Cooling YN No

    Property Features

    Business Type Mixed Net Operating Income 33329.00 Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 592 Zoning Description Mixed-Use

    Listing courtesy of Dev Dhamija of Bird & Swing Llc.
    © 2020 OneKey MLS. All rights reserved.


    © 2020 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2020-09-22T08:16:13.137.
     
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