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131-22 140th St

Springfield Gardens, Jamaica, NY
Floors
2
Total Size
1,440 sqft
Lot Size
0 acres
Zoning
R3A
Year Constructed
1920

About 131-22 140th St

131-22 140th Street in New York is a freestanding building with two floors that are currently laid out as a mini mart on the ground floor and a residential unit on the second floor. This great opportunity will interest entrepreneurs keen to buy a building in Jamaica that generates an income rather than having to rent office space for their own business again.

Built in 1920, the property at 131-22 140th Street in New York still has a ten year lease on the deli and grocery store, making this a good long-term investment. The 2nd floor tenant has no lease but pays $1,200 rent per month.

The annual gross income generated by 131-22 140th Street in New York is $35,400, with $8,214 total annual owner expenses.

The building is close to Belt Parkway and comprises of 760 square feet of commercial space for which the deli pays $1,750 rent per month and all the utilities. The 2nd floor features a 2 bedroom apartment with full bathroom and also comprises of 760 square feet.

131-22 140th Street in New York features a traditional white weather-boarded facade with a large display window and glass-door entrance and black surround for the storefront.

Internet Providers for 131-22 140th St

Provider Technology Max Download Speed Max Upload Speed
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
10 Mb/s
1.5 Mb/s

The Market: New York City

Most listings are in the $60's per square foot per year. The New York City region is going through a a boost in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 1% increase in rent.

Median Rate Median Size
$66
/sqft/yr
3,300
sqft

Median Rate over Time in New York City