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3502 Skillman Avenue

Jack Guttman Acquires Office At 3502 Skillman Avenue Long Island City For $9.15M
SOLDOffice

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:

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

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker

Jack Guttman

Seller

$659.9M

vol

17 deals

Seller

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