Mechoshade Renews 29,744 Square Foot Lease At 35-02 Skillman Avenue In Sunnyside Queens
35 02 Skillman Avenue
Building Size
29,744 SF
Asset Type
Office
Closing
Jul 7, 2025
About this deal
AI
The property asset involved in this transaction is a 29,744-square-foot office space located at 35-02 Skillman Avenue in Sunnyside, Queens. The building is owned by J.B. Industries and is recognized for its renovations, achieving LEED Gold certification.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease Renewal
- Address: 35-02 Skillman Avenue
- Market: Sunnyside, Queens
- Landlord: J.B. Industries
- Tenant: Mechoshade
- Brokers: Paul Mas, Michael Mazzara & Paul Kauffman - JLL
- Square Footage: 29,744
Mechoshade has opted to consolidate its operations from three floors to two within the facility, reflecting a strategic decision regarding its space utilization in the renovated property.
On the Map
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93