Piece of Cake Moving & Storage just turned one of its key Long Island City bases into a permanent home, snapping up a six-story commercial building it had been using for storage and truck staging in Queens.
The deal, announced June 24, gives the mover control of a large flex property at a moment when owner-operators are quietly redrawing the industrial map in Long Island City.
As reported by Crain's New York Business, Piece of Cake paid $18 million for 33-02 Skillman Avenue. Crain's describes the parcel as a roughly 104,000-square-foot, six-story commercial building and identifies the moving company as the buyer.
About the building
The property is marketed as The Rawson, and its materials tout a multimillion-dollar modernization that brought in a new attended lobby, upgraded windows, modernized elevators and improved HVAC systems. According to the building brochure, those investments were aimed at drawing a mix of office-flex and light-industrial tenants. The Rawson shows the building positioned as an upgraded, multi-tenant flex asset.
Lease history and prior purchases
Piece of Cake had already been operating out of the Skillman Avenue property under a lease-to-buy agreement signed in August 2024, a structure first reported by Commercial Observer. That deal covered roughly 69,000 square feet and included an option for the tenant to purchase the rest of the building after the lease term.
The closing comes on the heels of another neighborhood acquisition by the firm: Piece of Cake paid about $12 million in 2024 for a storage property at 10-15 46th Avenue in Long Island City. That earlier buy helped the company consolidate truck parking, storage and light-maintenance operations in western Queens, according to reporting from PincusCo.
Why it matters for LIC
Industrial and flex space in the outer boroughs has held up notably better than traditional office properties since the pandemic, keeping demand for storage and light-industrial uses relatively steady, according to market data from Cushman & Wakefield. At the same time, recent transaction coverage has pointed to steep discounts on some LIC office assets, a combination that can open the door for owner-operators to buy and reposition low-rise buildings. Bisnow highlighted one such discounted LIC sale in March 2026.
For Piece of Cake, owning the Skillman Avenue building eliminates lease-renewal uncertainty and secures space for storage, offices and its truck fleet. For Long Island City, it is another sign that operator-users are stepping in to reshape the neighborhood's industrial and flex landscape while larger investors rethink their office bets.
