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Leased office condominium investment at SkyView Center, 131 07 40th Road, Unit E07 Suite E11, Flushing.

Apt: E07
New York, NY 11354

Listing

Web ID:5794258
Website:https://www.nestseekers.com/5794258

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 5.8 Acres

Financials

Price:$1,330,000
Annual Taxes:$5,086.52

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.

Amenities

  • Electricity Connected
  • Water Connected

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Yaos Realty LLC
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