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989 Jerusalem Ave., Merrick, NY

Call/Text 646-789-3339 Anytime!

PRICE $349,000 |TAXES $19,271

Click Here for MLS LIsitng

The Story

1962-Late 1970s

The Bolognese School of Music opens its doors to serve the Merrick and surrounding communities.  Mr. Louis Bolognese teaches piano, guitar, and other instruments to his students.  To this day, many of his students still drive by and visit local establishments reminiscing about their days at the school. 

Late 1970s

The apartment in the back of the music school is converted to the Bolognese Studio, with the bedroom being used as a control room and the living area the "live" room.  https://www.newsday.com/classifieds/real-estate/taylor-dayne-merrick-recording-studio-1.39424321.  

(Representative Picture Attached, Not Actual Studio)

1980s - 2000s

The studio is renamed Media Recording Studios.  Mr. Bolognese builds a working relationship with Mr. Tommy Motolla, the former CEO of Sony music.  

https://www.discogs.com/label/331094-Bolognese-Studio  (Representative Picture Attached, Not Actual Studio)

Studio Architect

The studio is designed by architect and acoustician John Storyck, the designer of Jimmy Hendrick's Electric Lady Studios in New York City.  The notable names working with the studio attracts well-known artists.  https://rockandrollroadmap.com/places/studios-and-labels/north-east-u-s-studios-and-labels/media-recording-studios/ and https://en.wikipedia.org/wiki/John_Storyk (Representative Picture Attached, Not the Actual Studio)

Notable Artists

Many notable and world-renowned artists work at 989 Jerusalem Ave. over the years, such as Linkin Park, LL Cool J, Living Colour, Virgin Steele, Twister Sister, Big Daddy Kane, Deon and the Belmonts, 3RD Bass, and Taylor Dane.  https://rockandrollroadmap.com/places/studios-and-labels/north-east-u-s-studios-and-labels/media-recording-studios/ and  https://www.newsday.com/classifieds/real-estate/taylor-dayne-merrick-recording-studio-1.39424321.

2019-2020

The studio is converted back to a one-bedroom apartment with large living areas, and the commercial space is tastefully updated to bring this unique gem of a building to the market.

Video Tour

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    Property Features

    Site Content

    Location

    Updated in 2019

    Updated in 2019

    Located right on busy Jerusalem Ave., the property is located 1/10th of a mile to Southern State, and right between heavily-traveled Merrick Ave, Bellmore Ave. and Route 106.  Easy access to and from all directions.

    Updated in 2019

    Updated in 2019

    Updated in 2019

    The property underwent a renovation over the last few years, with new plank-style flooring in commercial space, refreshed  hardwood floors  in residential space, two split units that provide A/C, heating, and humidity controls.  Electric baseboard heaters in basement, fresh paint and updates on exterior.

    Huge Basement

    Updated in 2019

    Large Apartment

    The commercial portion has a private hallway that leads to a full bathroom with shower and stairs to the basement.  The basement has a finished portion and an unfinished portion with very large storage areas.  Could be used as a conference room, filing, or storage.

    Large Apartment

    Projected 8.3% Cap Rate

    Large Apartment

    The size and layout of the apartment is a surprise.  There is a very large living area next to a full bathroom and then a hallway with a split unit that leads to the bedroom off the kitchen.  The kitchen is very large and includes room for a dining table.  Through the kitchen is a huge bonus room that is sun-drenched, full of windows, and provides private access to the patio in the back.  

    Two separate Entrances

    Projected 8.3% Cap Rate

    Projected 8.3% Cap Rate

    The commercial portion includes two separate entrances and is divided in the interior with a doorway separating the two spaces.  The flexible layout provides separate options for a variety of users or tenants.

    Projected 8.3% Cap Rate

    Projected 8.3% Cap Rate

    Projected 8.3% Cap Rate

    The expected net income is $33,329 annually.  Expected rent for the commercial portion is $3,000/month; and $1,800/month for the apartment.  Taxes are $19,270.94.  Owner expenses estimated at $5,000 for insurance and maintenance.

    MLS Listing details

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    Location

    0.1 MI to Southern St -b/w Merrick Ave, Bellmore Ave & Rt106

    989 Jerusalem Avenue, Merrick, New York 11566, United States

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