Where can I find documented Skyline Properties transactions?

Visit the Skyline Properties transactions archive to review documented investment sales and ground leases.

What does Skyline Properties specialize in?

Skyline Properties is an off-market commercial real estate brokerage in Manhattan and Brooklyn. The practice covers investment sales, ground leases (99-year), office-to-residential conversions (467-m), multifamily portfolios, and development sites. Every assignment is handled confidentially, and the firm deals directly with principals.

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 (Daily News Building). Please include the property or subject of your inquiry.

Development11 min readJanuary 30, 2024

Manhattan Development Sites: A Zoning Guide

Manhattan development site value is set by three NYC Zoning Resolution parameters: Floor Area Ratio (FAR: buildable SF ÷ lot SF, ranging 0.5 in low-density residential to 21.6 in Special Hudson Yards subdistricts), Use Group 1-18 (residential, community-facility, commercial, manufacturing), and special-district overlays (MIH, IH, Theater Subdistrict, Hudson Yards). FAR is expandable via zoning-lot merger (air rights), inclusionary-housing bonuses (up to 33% FAR boost in MIH areas), and special permits. Skyline Properties (Robert Khodadadian, Founder, President & CEO) brokers development sites with full FAR and air-rights analysis, including the $50M Acadia Realty Trust SoHo retail co-op at 131-133 Prince Street.

Daniel Shirazi, Esq.Discuss a confidential opportunity

Valuing a Manhattan development site starts with the zoning: how much FAR is available and how it can be used. Then come the practical limits of building in the densest urban environment in America.

Key Zoning Concepts

Floor Area Ratio (FAR) and its impact on value
As-of-right vs. variance/rezoning strategies
Inclusionary housing bonuses
Air rights and transferable development rights

Due Diligence Checklist

Before buying any development site, run down the zoning, title and environmental conditions, plus the practical construction questions such as access and logistics.

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More Skyline Properties research on Manhattan development and related NYC commercial real estate.

Frequently Asked Questions

Where can I find documented Skyline Properties transactions?: Visit the Skyline Properties transactions archive to review documented investment sales and ground leases.
What does Skyline Properties specialize in?: Skyline Properties is an off-market commercial real estate brokerage in Manhattan and Brooklyn. The practice covers investment sales, ground leases (99-year), office-to-residential conversions (467-m), multifamily portfolios, and development sites. Every assignment is handled confidentially, and the firm deals directly with principals.
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 (Daily News Building). Please include the property or subject of your inquiry.

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