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.
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New York City
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.