Andrew Skydell's Simi Capital Group, Cerberus Capital Management, And Stonemont Financial Acquire Industrial Property In Staten Island For $19M

Located in Staten Island, the industrial property at 2577 Forest Avenue has been sold for a price of $19,000,000. Spanning across an area of 287,496 square feet, the property was acquired by a consortium of buyers. Andrew Skydell of Simi Capital Group, Stephen Feinberg of Cerberus Capital Management, and Zach Markwell and Andrew Smith of Stonemont Financial were involved in the transaction.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $19,000,000

The buyers in this deal include Andrew Skydell from Simi Capital Group, Stephen Feinberg representing Cerberus Capital Management, and Zach Markwell and Andrew Smith from Stonemont Financial. The sale price for this industrial property was $19,000,000, with a price per square foot of $66.