The property asset involved is an industrial space located at 37-20 Skillman Avenue in Long Island City. The lease for the asset encompasses a total square footage of 10,000, with an asking rent of $30 per square foot. The lease type for this transaction is a Modified Gross Lease with a term of 7 years.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $300,000
• Address: 37-20 Skillman Avenue
• Market: Long Island City
• Landlord: Schuman Properties
• Tenant: Terra Medi Inc
• Brokers: Brendan Burke & Paul Bralower - Pinnacle Realty of New York
• Lease Term: 7 Years

The key individuals involved in this transaction include Brendan Burke and Paul Bralower, representing Pinnacle Realty of New York. They facilitated the deal between Schuman Properties, the landlord, and Terra Medi Inc, the tenant, ensuring a successful agreement for both parties.