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Coldwell Banker American Homes
131-07 40th Road Unit #E09, Flushing, NY 11354
- $1,760,000
- List Price
- $1,760,000
- Days on Market
- 0
- MLS#
- 1060434
- Status
- ACTIVE
- Property Type
- Office
- Year Built
- 2006
- Property Tax
- $6,760
- School District
- Queens 25
Property Description
Leased office condominium investment at SkyView Center, 131-07 40th Road, Unit E09 (Suite E15), Flushing. 1,833 rentable SF / 1,375 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. $138,122, a 7.85% 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.
Additional Information
- Acres
- 5.77
- Heating
- Hot Air
- Cooling
- Central Air
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Jianfeng Yao (yaosrealty@gmail.com) from Listing Office: Yaos Realty LLC.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.