Moving company pays $18M to First Pioneer for office in LIC

Piece of Cake Moving & Storage through the entity Skillman 3302 LLC paid $18 million to First Pioneer Properties through the entity Skillman Avenue Corp. for the office building (O5) at 33-02 Skillman Avenue in Long Island City, Queens. The expected use is owner-occupied.
The deal closed on June 5, 2026 and was recorded on June 24, 2026. The property has 89,315 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $201 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for First Pioneer Properties was Suresh Sani . The contract date was February 27, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Piece Of Cake Moving & Storage purchased one property in one transaction for a total of $12 million and has no record it sold any properties over the past 24 months.
The seller First Pioneer Properties had not purchased any other properties and had not sold any properties over the same time period. The 89,315-square-foot property generated revenue of $3 million or $33 per square foot, according to the most recent income and expense figures.

The property

The office building in Long Island City has 89,315 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 117 feet and is 200 feet deep with a total lot size of 15,000 square feet. The lot is irregular. The zoning is M1-4 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $12 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received one DOB violation in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on December 28, 2020. On the lot, there is one active major alteration construction project, 421617566, for a 89,315 square-foot F-2 building. The project was submitted by Suresh Sani with plans filed March 30, 2018 and permitted October 31, 2018.

The neighborhood

In Long Island City, The bulk, or 32 percent of the 60.1 million square feet of commercial built space are industrial buildings, with elevator buildings next occupying 31 percent of the space. In sales, Long Island City has 3.2 times the average sales volume among other neighborhoods with $1.1 billion in sales volume in the last two years and is the highest in Queens. For development, Long Island City is the 7th most active neighborhood among other neighborhoods. It had 8.6 million square feet of commercial and multi-family construction under development in the last two years, which represents 14 percent of the neighborhood’s built space. There were 258 pre-foreclosure suit filed among other office buildings in the past 12 months.

The block

There are no active new building construction projects on this tax block.

All properties are office.

The buyer

The PincusCo database currently indicates that Piece Of Cake Moving & Storage owned at least one commercial property in New York City with 41,800 square feet and a PincusCo-determined asset value of $12 million. The portfolio consists of at least a single industrial property.

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