Tyler Prokosch - John J Lease Realtors Logo
$1,330,000
( $963.77Per Sq Foot )
 $7,140 est/mo Sourced by Back At You

131-07 40th Road E07,Flushing, NY 11354

Flushing, NY 11354

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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.

Details

MLS #1060421
Listing TypeFor Sale
StyleOffice
Building NameSkyView Center
Sub-TypeResale
StatusActive
Year2006
Days On Site26
Listing Provided ByYaos Realty LLC | Jianfeng Yao

Features

SQ Feet1,380
Acreage5.77

Interior

CoolingCentral Air
HeatingHot Air

Exterior

Construction MaterialsOther
Foundation DetailsOther

Utilities

UtilitiesElectricity Connected, Water Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Assessed Value108762
Tax Annual Amount5086.52
Tax Lot1212

Area Information

StateNY
CountyQueens
CityFlushing
Zip Code11354
Listing VS Median (in 11354)
Price:
$1,330,000
low | high
Med:
$709,000
96.691729323308% of Average
sqft:
1,380
low | high
Med:
797
92.246376811594% of Average
$ / sqft:
$964
low | high
Med:
$894
57.215192742914% of Average
On site:
26
low | high
Med:
103.5
25.12077294686% of Average
Sourced by Back At You

Market Activity 11354

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Learn More About This Property

Tyler Prokosch

Tyler Prokosch

John J Lease REALTORS

 (845) 542-6966tylerprokosch@johnjleaserealtors.com
StateNY
CountyQueens
CityFlushing
Zip Code11354
Listing VS Median (in 11354)
Price:
$1,330,000
low | high
Med:
$709,000
96.691729323308% of Average
sqft:
1,380
low | high
Med:
797
92.246376811594% of Average
$ / sqft:
$964
low | high
Med:
$894
57.215192742914% of Average
On site:
26
low | high
Med:
103.5
25.12077294686% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $997K - $1.662M
sqft: 1,000 - 1,500
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131-01 40th Road 11A Property Photo 1
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Listing Updated: October 9, 2026 at 2:50:30 AM PDT

Tyler Prokosch - John J Lease Realtors