Leased Office
New
For Sale
$2,160,000
131-07 40th Rd E08, Queens, NY 11354
A healthcare-services tenant occupies the unit under a triple-net lease and pays taxes, insurance and operating expenses.
Property Size2,240 SF
Price / SF$1,285
Days on Market2
Property Features for 131-07 40th Rd E08
General Information
Standard status
Active
Size
2,240 SF
Net Rentable
2,240 SF
Property subtype
Commercial
Occupancy
100%
Financials
Cap Rate
7.81%
Gross Income
$168,790
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,094
Building Details
Building Size
2,240 SF
Year Built
2006
Tenancy
Single
Owner Occupied
No
Listed By:
Jianfeng Yao
(347) 630-8888
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jianfeng Yao
Investment Insights
Based on property information with market context.
This office condominium at SkyView Center comprises 2,240 rentable square feet and 1,680 usable square feet. Built in 2006, the unit is fully leased to a healthcare-services tenant on a triple-net basis. The lease extends through 10/31/2027, with a six-month tenant option through 4/30/2028. The stated cap rate is 7.81%. A real estate tax abatement has approximately four years remaining, per the owner.
The property is in Flushing, within a center that includes a six-level garage with 2,500 parking spaces, national retail anchors and SkyView Wellness medical suites. The Flushing-Main St 7 train and LIRR are minutes away. The unit is also offered as part of a five-unit SkyView portfolio. Showings require 24-hour notice because the space is tenant-occupied.
The property is in Flushing, within a center that includes a six-level garage with 2,500 parking spaces, national retail anchors and SkyView Wellness medical suites. The Flushing-Main St 7 train and LIRR are minutes away. The unit is also offered as part of a five-unit SkyView portfolio. Showings require 24-hour notice because the space is tenant-occupied.
Key Highlights
- 2,240 rentable SF and 1,680 usable SF
- 100% leased on a triple‑net basis to a healthcare‑services tenant
- Lease through 10/31/2027, with a 6‑month option to 4/30/2028
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,666
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - A healthcare-services tenant occupies the unit under a triple-net lease and pays taxes, insurance and operating expenses.
Where is this office units located?
The property is located at 131-07 40th Rd E08 Queens, NY.
What is the asking price?
The asking price for this property is $2,160,000.
What are key features of this property?
This property features: 2,240 rentable SF and 1,680 usable SF; 100% leased on a triple‑net basis to a healthcare‑services tenant; Lease through 10/31/2027, with a 6‑month option to 4/30/2028
