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$ 1,330,000
Est. payment | /mo
5.77 Acres Lot
$ 1,330,000
Est. payment | /mo
5.77 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1060421
Rental Info No
Year Built 2006
Annual Tax Amount $5,086
Lot Size 5.769 Acres
Acres 5.7691
Property Sub-Type Office
Source onekey2
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.
Location
State NY
County Queens
Interior
Heating Hot Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
High Schools Queens 25
School District Queens 25
Others
Special Listing Condition None
Listed by Yaos Realty LLC • Jianfeng Yao
Nearby Locations
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Jeffrey Jimenez
Licensed Real Estate Salesperson License ID: 10401267947