Third-Floor Office
For Sale
Contact for pricing
131-08 40th Road, New York, NY 11354
A private, open-plan workspace with natural light and access to nearby transit and retail.
Property Size4,469 SF
Price / SF$0.72
Days on Market32
Property Features for 131-08 40th Road
General Information
Standard status
Active
Size
4,469 SF
Property subtype
Office
Site & Location
Neighborhood
Flushing
Public Transit
Yes
Additional Details
Floor
3
Property Use
Office
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Wenting Wang · License #10401302204
(917) 547-4288
Source:
Neilcharlesrealestate
Added: Sep 30
Changed: Oct 30
Last Checked: Oct 30 at 2:15AM
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 B Square Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This third-floor office unit has a private layout, an open plan, and natural light. Finished interior details provide a setting for office and other professional activities.
The property is in Flushing, near Sky View Parc, the Long Island Rail Road, subway and bus service, along with shopping and restaurants. Major residential developments are also part of the surrounding area.
The property is in Flushing, near Sky View Parc, the Long Island Rail Road, subway and bus service, along with shopping and restaurants. Major residential developments are also part of the surrounding area.
Key Highlights
- Private third‑floor office layout
- Open‑plan workspace with natural light
- Near Sky View Parc, Long Island Rail Road, subway and bus service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,937
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,798,740
$2.8M
Cap Rate 7%
$1,999,100
$2.0M
Cap Rate 9%
$1,554,856
$1.6M
Market Conditions
NOI Build-Up for 4,469 SF
Gross rent
$230.1K $51.48/SF
− Vacancy
−$43.5K −$9.73/SF
EGI
$186.6K $41.75/SF
− OpEx
−$46.6K −$10.44/SF
NOI
$139.9K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,798,740
Cap Rate 7%
$1,999,100
Cap Rate 9%
$1,554,856
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $139,937 @ 7.0% cap · market cap 4,373.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.12M
$9.73M – $12.98M
NOI $778,679 @ 7.0% cap · market cap 24,333.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,615
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
Frequently Asked Questions
What type of property is this?
Office unit - A private, open-plan workspace with natural light and access to nearby transit and retail.
Where is this office unit located?
The property is located at 131-08 40th Road New York, NY.
What are key features of this property?
This property features: Private third‑floor office layout; Open‑plan workspace with natural light; Near Sky View Parc, Long Island Rail Road, subway and bus service
