Cloud Catering Acquires Industrial Property From Herbert Jaffe At 40-11 Skillman Avenue For $3.1M

This transaction involved an industrial property located at 40-11 Skillman Avenue in the Long Island City market. The sale price for the asset was $3,100,000, and the property encompasses a total of 4,875 square feet, resulting in a price per square foot of $635.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,100,000
• Address: 40-11 Skillman Avenue
• Market: Long Island City
• Square Footage: 4,875
• Price per Square Foot: $635
• Buyer: Cloud Catering
• Seller: Herbert Jaffe
• Buyer's Representative: Brendan Burke, Paul Bralower & Louis Fuery - Pinnacle Realty of New York
• Seller's Representative: Brian Jaffe – Jaffe Realty, LLC

Brendan Burke, Paul Bralower, and Louis Fuery represented Cloud Catering as the buyer's representatives in this transaction, while Brian Jaffe served as the seller's representative through Jaffe Realty, LLC.