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Jack Guttman Of Pearl Realty Management Acquires Office Building In Sunnyside For $9.2M
SOLD
$9,200,000
New York
See Similar DealsOffice45,700 SF
Sold 12/31/2025
SOLD
Jack Guttman Of Pearl Realty Management Acquires Office Building In Sunnyside For $9.2M
35 02 Skillman Avenue
See Similar DealsOffice45,700 SF
Sold 12/31/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$201
Total Square Footage:45,700 SF
Transaction Type:Sale
A 45,700-square-foot office building located at 35-02 Skillman Avenue, Sunnyside, Queens was sold for $9.2 million, translating to $201 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,200,000
- Buyer: Jack Guttman - Pearl Realty Management
- Seller: J.B. Industries Inc
- Square Footage: 45,700
- Price Per Square Foot: $201
- Market: Sunnyside, Queens
Jack Guttman, representing Pearl Realty Management through 4203 35 St LLC, was involved in the acquisition of the property from J.B. Industries Inc in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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