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18413 140th Ave - Mixed Use High Income 2 Unit Apartment Building Offered at $1,422,304 CAD at a 6.50% Cap Rate Springfield Gardens, NY 11413
Investment Highlights
- Immediate access to JFK International Airport for air cargo operations.
- Surrounded by established logistics and distribution businesses.
- Strategic location near Belt Parkway, Van Wyck Expressway, and Cross Island Parkway.
Executive Summary
Mixed-Use Investment Property in Springfield Gardens, NY 11413 – Fully Rented Excellent investment opportunity in the heart of Springfield Gardens! This well- maintained mixed-use property features a ground-floor deli with strong neighborhood visibility, plus a renovated three-bedroom residential apartment above—both fully leased with reliable tenants in place. The commercial space operates as a deli and benefits from steady foot traffic, established local clientele, and long-standing community presence. The updated 3- bedroom apartment offers modern finishes, spacious rooms, and solid rental income, making this an attractive, turn-key investment. Located near major thoroughfares, schools, public transportation, and local conveniences, this property provides stable cash flow and long-term growth potential in a highly desirable Queens neighborhood. Perfect for investors seeking a hands-off, income-producing asset from day one. The property is also being offered for sale together with profitable business for a total price of $1,198,000. Subject to E&O.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $4,923 CAD | - |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 13022-0117 | Improvements Assessment | $31,799 CAD |
| Land Assessment | $6,841 CAD | Total Assessment | $38,640 CAD |
Property Taxes
Parcel Number
13022-0117
Land Assessment
$6,841 CAD
Improvements Assessment
$31,799 CAD
Total Assessment
$38,640 CAD
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18413 140th Ave - Mixed Use High Income
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