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

Property Image
SOLD
$9,150,000
Brendan Maddigan
Michael Mazzara
+ 2

New York

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Office45,700 SF
Sold
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Property Image
SOLD

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

3502 Skillman Avenue

See Similar Deals
Office45,700 SF
Sold
Brendan Maddigan
Michael Mazzara
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$200
Total Square Footage:45,700 SF
Transaction Type:Sale

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
125 deals$4.7B volume(508) 733-8445
BROKER

Ethan Stanton
JLL
133 deals$6.1B volume(516) 790-7718
BROKER

Michael Mazzara
JLL
111 deals$3.9B volume(212) 376-5450
BROKER


Details

SOLD
IMAGE: Michael Mazzara, Paul Mas, Ethan Stanton & Brendan Maddigan DATE: 12/31/2025 ADDRESS: 3502 Skillman Avenue MARKET: Long Island City ASSET TYPE: Office BUYER: Jack Guttman SELLER: Berman Family BROKERS: Michael Mazzara, Paul Mas, Ethan Stanton & Brendan Maddigan - JLL (@JLL) SALE PRICE: $9,150,000 SF: 45,700 ~ PPSF: $200

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,508.02
Cash-on-Cash Return-1.27%
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