Jack Guttman Of Pearl Realty Management Acquires Office Building In Sunnyside For $9.2M
35 02 Skillman Avenue
$9,200,000
$201/SF
Building Size
45,700 SF
Asset Type
Office
Closing
Dec 31, 2025
About this deal
AI
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.
On the Map
$9,200,000
$201/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93