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989 Jerusalem AVE Merrick, NY 11566
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,136 sqft
Price per Sqft $145
MLS Listing ID 3254953
Sold Date 04/28/21
Style Other
Bedrooms 2
Full Baths 1
Originating Board onekey
Rental Info No
Year Built 1953
Annual Tax Amount $19,241
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 40x81
Property Description
Incredible investment or owner-user opportunity with a projected 9.3% 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.
Location
State NY
County Nassau
Rooms
Basement Partially Finished
Kitchen 1
Interior
Interior Features Master Downstairs, First Floor Bedroom, Den/Family Room, Eat-in Kitchen, Home Office, Living Room/Dining Room Combo, Storage
Flooring Hardwood
Fireplace Y
Exterior
Garage On Street
Parking Type On Street
Garage false
Building
Lot Description Near Public Transit
Level or Stories One
New Construction No
Schools
School District Merrick
Others
Senior Community No
Special Listing Condition None
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Bought with Bird & Swing LLC