NYC Commercial Real Estate
NYC commercial real estate guides from Robert Khodadadian, Founder, President & CEO of Skyline Properties, who has closed $976M+ across 32+ Manhattan deals and won the 2025 RED Award for Off-Market Investment Sales Broker of the Year. They cover off-market sourcing, 99-year ground leases, 467-m office-to-residential conversions, multifamily underwriting under HSTPA, cap-rate analysis, and 1031 exchanges, drawing on trades Skyline Properties brokered, including the $135M sale of 6 East 43rd Street to Vanbarton and the $65M Kaufman ground lease at 236 Fifth Avenue.
NYC Commercial Real Estate Guides by Robert Khodadadian
Long-form guides on Manhattan and Brooklyn commercial real estate: ground leases, 467-m office-to-residential conversions, 1031 exchanges, NYC cap rates, multifamily rent regulation, development-site zoning, and off-market deal sourcing. Robert Khodadadian and the Skyline Properties research desk wrote them, and the same analysis sits behind every BOV and confidential introduction we make.
Who These Guides Serve
NYC owners considering a confidential sale, institutional buyers writing $25M–$250M tickets, developers underwriting 467-m conversion candidates, family offices building generational portfolios, and capital allocators new to Manhattan submarkets. Every guide draws on 20+ years of senior-level brokerage work.
Featured Guides
What is Off-Market Real Estate?
How off-market transactions work, why sellers and buyers prefer discretion, and how to get into NYC deal flow that never reaches the listing sites.
How to Sell Commercial Property in NYC
A step-by-step guide to selling commercial real estate in New York City, from valuation and marketing through closing.
Ground Leases Explained
How ground leases are structured, how the economics work, and why they dominate institutional Manhattan real estate.
All Guides
What is Off-Market Real Estate?
How off-market transactions work, why sellers and buyers prefer discretion, and how to get into NYC deal flow that never reaches the listing sites.
How to Sell Commercial Property in NYC
A step-by-step guide to selling commercial real estate in New York City, from valuation and marketing through closing.
Ground Leases Explained
How ground leases are structured, how the economics work, and why they dominate institutional Manhattan real estate.
467-m Tax Abatement Guide
NYC's 467-m tax incentive program for office-to-residential conversions: who qualifies and how much it saves.
NYC Cap Rates Explained
How capitalization rates work in NYC commercial real estate, current benchmarks by property type, and what drives cap rate movement.
Best Commercial Broker in Manhattan
What to look for in a NYC commercial real estate broker: track record, specialization, relationships, and market access.
1031 Exchange Guide
How a 1031 exchange lets real estate investors defer capital gains taxes by reinvesting the proceeds into like-kind property.
How to Value Commercial Property
Income approach, sales comparison, and cost approach methods for valuing NYC commercial real estate assets.
Multifamily Investment Guide
Investing in NYC multifamily properties, from rent rolls and rent stabilization to value-add plays.
Commercial Due Diligence Checklist
What to check before you buy a commercial property: environmental, financial, legal, and physical inspection.
NYC Zoning Guide
How FAR, use groups, special purpose districts, and development rights work in New York City zoning.
Triple Net (NNN) Lease Guide
How NNN leases are structured, what the tenant pays for, and how to analyze a net lease investment.
NYC Development Rights & Air Rights
How transferable development rights and air rights work in NYC, including landmark TDR and zoning lot mergers.
NYC Office Market Outlook 2025
Current vacancy rates, conversion pipeline, return-to-office trends, and investment opportunities in NYC office.
NYC Rent Stabilization Guide
An investor's guide to rent-stabilized housing: the 2019 HSTPA changes, MCIs, IAIs, and how to invest in multifamily under the current rules.
NYC Opportunity Zones Guide
Tax-advantaged investing through qualified opportunity zones: fund structures, holding periods, and the NYC zone map.
Commercial Lease Negotiation Guide
Key terms, escalation clauses, TI allowances, and how to negotiate a commercial lease in NYC.
Real Estate Syndication Guide
How syndications are structured: GP and LP roles, fee structures, and the SEC rules for pooled investments.
Mixed-Use Property Investment Guide
How to analyze NYC mixed-use properties: ground-floor retail with residential above, valuation methods, and tenant mix.
Ground-Up Development Guide NYC
From land acquisition to lease-up: site selection, zoning analysis, the DOB process, financing, and construction in NYC.
Frequently asked questions about the Skyline Properties guides
Who writes the Skyline Properties NYC commercial real estate guides?
Robert Khodadadian, Founder, President & CEO of Skyline Properties, and the Skyline Properties research desk. Robert is a 2025 RED Awards Off-Market Investment Sales Broker of the Year and has closed $976M+ across 32+ NYC commercial transactions over 20+ years, including 6 East 43rd Street ($135M, Vanbarton Group), 101 Greenwich Street ($105M, Quantum Pacific + Metro Loft), 530 West 25th Street ($72M, Feil + Rigby), 236 Fifth Avenue ($65M, Kaufman 99-year ground lease), and 131-133 Prince Street ($50M, Acadia SoHo retail record).
What is the 467-m tax abatement and who qualifies?
RPTL §467-m is a New York State Real Property Tax Law provision enacted in 2024 that grants up to a 35-year property-tax exemption for qualifying office-to-residential conversions in Manhattan south of 96th Street (and parts of the outer boroughs). A minimum 25% of converted units must be permanently affordable. The exemption runs 35 years for construction commenced by June 30, 2026, 30 years by June 30, 2028, and 25 years by June 30, 2031, the final commencement deadline. The largest Skyline Properties-brokered 467-m conversion to date is 6 East 43rd Street ($135M, Vanbarton, 441 units, 111 affordable, $300M Brookfield construction loan).
How long is a typical NYC ground lease?
99 years is the institutional standard for Manhattan ground leases because the term supports conventional leasehold financing and refinance cycles. Shorter terms (49–75 years) exist in legacy structures but constrain financing options. Skyline Properties brokered the $65M 99-year ground lease at 236 Fifth Avenue to Kaufman Organization in 2017, one of NoMad’s signature ground-lease transactions.
What does “off-market” mean in NYC commercial real estate?
Off-market means the property is sold without public listing (no CoStar, no LoopNet, no press release). The owner engages one trusted broker who shortlists 4–12 pre-vetted buyers under NDA. Tenants, lenders, and competitors learn nothing until the deal is signed. Cycle time is typically 90–180 days. The majority of Skyline Properties’ $976M+ closed transactions have been off-market.
How does HSTPA affect NYC multifamily investment?
The 2019 Housing Stability and Tenant Protection Act (HSTPA) restructured NYC rent-stabilization. It capped maximum annual rent increases, eliminated vacancy decontrol, and limited Major Capital Improvement (MCI) and Individual Apartment Improvement (IAI) cost pass-throughs. Post-HSTPA, Manhattan rent-stabilized cap rates expanded from roughly 4.5% to 6.5–7.5% as the asset class repriced for the new regulatory regime.
How do I contact Skyline Properties?
Email info@skylineprp.com or call (212) 537-9239. The office is at 220 East 42nd Street, Suite 3102, New York, NY 10017, in the SL Green Daily News Building.
Have Questions About NYC Real Estate?
If a guide raised a question about your own property or deal, ask us. We'll give you a straight answer on anything these guides cover.