Viji Varghese
Call: (718) 781-5937
Text: (718) 781-5937
MLS#1060421
STATUSActive
PROPERTY TYPECommercial - Office
SCHOOLQueens 25
Property Description
Leased office condominium investment at SkyView Center, 131-07 40th Road, Unit E07 (Suite E11), Flushing. 1,380 rentable SF / 1,035 usable SF, 100% leased on a triple-net basis to an established healthcare-services tenant; tenant pays real estate taxes, insurance and operating expenses. Current annual NNN rent approx. $103,987, a 7.82% cap rate at the asking price. Lease runs through 10/31/2027 with a 6-month tenant option to 4/30/2028, offering in-place income today and flexibility for a future owner-user. Real estate tax abatement with approximately 4 years remaining (per owner). SkyView Center offers a 2,500-space, six-level parking garage, national retail anchors and the SkyView Wellness medical suites, minutes from the Flushing-Main St 7 train and LIRR. Also available as part of a 5-unit SkyView portfolio. Financial package available upon execution of a confidentiality agreement. Tenant occupied; 24-hour notice required for showings.
Property Features
Property Type: Commercial - Office
Cooling: Central Air
Heating: Hot Air
Lot Size: 5.77 Acres
Taxes: $5,086
Year Built: 2006
Feature Descriptions
Building Area Total: 1380
Business Type: Professional/Office
Days on Site: 27
Exterior: Other
On Market Date: 2026-10-08
Parcel Number: 05066-1212
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Electricity Connected, Water Connected
Water: Public
Local Schools
School District: Queens 25
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Listed By / Shown By
Listing By
Agency Name: Yaos Realty LLC
Agency Contact: 347-630-8888
Shown By
Agent Name: Viji Varghese
Agent Phone: (718) 781-5937
Agency Title: Laffey Real Estate
131-07 40th Road , Unit E07 | MLS# 1060421
This commercial property located at 131-07 40th Road , Unit E07, Flushing, NY 11354 is currently listed for sale with an asking price of $1,330,000. 131-07 40th Road , Unit E07 is located within the Queens 25 school district. Search Flushing real estate on vijivarghese.laffey.com today.