Jack Guttman Acquires Office At 3502 Skillman Avenue Long Island City For $9.15M
3502 Skillman Avenue
$9,150,000
$200/SF
Building Size
45,700 SF
Asset Type
Office
Closing
Dec 30, 2025
AI
The property asset involved in the transaction is an office building located at 3502 Skillman Avenue in Long Island City. The sale price for the property was $9,150,000, and it encompasses an area of 45,700 square feet, resulting in a price per square foot of $200.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,150,000
- Address: 3502 Skillman Avenue
- Market: Long Island City
- Square Footage: 45,700
- Price per Square Foot: $200
- Buyer: Jack Guttman
- Seller: Berman Family
- Brokers: Michael Mazzara, Paul Mas, Ethan Stanton & Brendan Maddigan - JLL
The deal was facilitated by brokers Michael Mazzara, Paul Mas, Ethan Stanton, and Brendan Maddigan, who represent JLL. They played a crucial role in bringing together Jack Guttman as the buyer and the Berman Family as the seller for this office transaction.
Players
Brooklyn 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
1.73%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93