Vincent Lopez & Jacques Wadler Of Knickerbocker Realty Group Represent Buyer In $18M Sunnyside Office Sale
33-02 Skillman Avenue
$18,000,000
$172/SF
Building Size
104,150 SF
Asset Type
Office
Closing
Jun 4, 2026
AI
The asset involved in this transaction is an office property located at 33-02 Skillman Avenue in the Sunnyside market. The sale was conducted for a total amount of $18,000,000, encompassing a total square footage of 89,315, resulting in a price per square foot of $202.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $18,000,000
- Square Footage: 89,315
- Price per Square Foot: $202
- Address: 33-02 Skillman Avenue
- Market: Sunnyside
The key individuals representing the seller in this transaction were Victor Sozio, Alexander Taic, and Michael A. Tortorici from Ariel Property Advisors, alongside Randy Modell and Steven Hornstock from ABS Partners Real Estate. On the buyer's side, the representatives were Vincent Lopez and Jacques Wadler of Knickerbocker Realty Group.
Players
Long Island City Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93