Leased Office
New
For Sale
$2,950,000
131-07 40th Road Unit #E19, Flushing, NY 11354
The suite is fully occupied under a triple-net lease through October 2027.
Property Size2,303 SF
Price / SF$1,280
Days on Market2
Property Features for 131-07 40th Road Unit #E19
General Information
Standard status
Active
Size
2,303 SF
Net Rentable
3,071 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$231,408
Additional Details
Cap Rate
7.84%
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,322
Building Details
Year Built
2006
Tenancy
Single
Owner Occupied
No
Listing Agency:
Yaos Realty LLC
(718) 767-8200
Listed By:
Jianfeng Yao (yaosrealty@gmail.com)
(718) 755-6515
Source:
Maureenfolan
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 9 at 6:11PM
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 Yaos Realty LLC
Investment Insights
Based on property information with market context.
This office condominium at SkyView Center in Flushing contains 3,071 rentable square feet and 2,303 usable square feet. The tenant occupies the space under a triple-net lease scheduled to end October 31, 2027, with a six-month option extending to April 30, 2028. The tenant pays real estate taxes, insurance, and operating expenses. A real estate tax abatement has approximately four years remaining, per the owner.
SkyView Center has a six-level parking garage with 2,500 spaces, national retail anchors, and medical suites branded SkyView Wellness. The property is minutes from the Flushing-Main St 7 train and LIRR. Showings require 24-hour notice because the suite is tenant-occupied.
SkyView Center has a six-level parking garage with 2,500 spaces, national retail anchors, and medical suites branded SkyView Wellness. The property is minutes from the Flushing-Main St 7 train and LIRR. Showings require 24-hour notice because the suite is tenant-occupied.
Key Highlights
- 3,071 rentable SF and 2,303 usable SF
- Fully leased on a triple‑net basis; tenant covers taxes, insurance, and operating expenses
- Lease runs through 10/31/2027, with a six‑month option through 4/30/2028
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,554
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 - The suite is fully occupied under a triple-net lease through October 2027.
Where is this office units located?
The property is located at 131-07 40th Road Unit #E19 Flushing, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 3,071 rentable SF and 2,303 usable SF; Fully leased on a triple‑net basis; tenant covers taxes, insurance, and operating expenses; Lease runs through 10/31/2027, with a six‑month option through 4/30/2028
