Leased Office
New
For Sale
$1,760,000
131-07 40th Rd E09, Queens, NY 11354
The unit is fully occupied under a triple-net lease with a term extending into 2027.
Property Size1,833 SF
Price / SF$1,700
Days on Market3
Property Features for 131-07 40th Rd E09
General Information
Standard status
Active
Size
1,833 SF
Net Rentable
1,380 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$103,987
Additional Details
Cap Rate
7.82%
Public Transit
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$6,760
Building Details
Building Size
1,833 SF
Year Built
2006
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listed By:
Jianfeng Yao
(347) 630-8888
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 9 at 7:05PM
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 contains 1,380 rentable square feet and 1,035 usable square feet. It is 100% leased to a healthcare-services tenant under a triple-net structure, with the tenant responsible for real estate taxes, insurance, and operating expenses. The lease ends 10/31/2027 and includes a six-month tenant option through 4/30/2028. A real estate tax abatement has approximately four years remaining, per the owner.
The center includes a six-level parking garage with 2,500 spaces and national retail anchors. The property is minutes from the Flushing-Main St 7 train and LIRR. This unit is also offered as part of a five-unit SkyView portfolio. Showings require 24-hour notice because the space is tenant occupied.
The center includes a six-level parking garage with 2,500 spaces and national retail anchors. The property is minutes from the Flushing-Main St 7 train and LIRR. This 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
- 1,380 rentable SF and 1,035 usable SF
- 100% leased on a triple‑net basis to a healthcare‑services tenant
- 7.82% cap rate
Property Analytics
Current Use
Lease Details
1
Office units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - The unit is fully occupied under a triple-net lease with a term extending into 2027.
Where is this office units located?
The property is located at 131-07 40th Rd E09 Queens, NY.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: 1,380 rentable SF and 1,035 usable SF; 100% leased on a triple‑net basis to a healthcare‑services tenant; 7.82% cap rate
