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
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.
Players
Sunnyside Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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