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.

Multifamily10 min readJanuary 15, 2024

Multifamily Investing: NYC Rent Stabilization Explained

NYC rent stabilization covers approximately one million apartments in 6+-unit buildings built before 1974 (or those receiving 421-a/J-51/467-m benefits), with annual increases set each June by the NYC Rent Guidelines Board (typically 2-3% on 1-year, 4-5% on 2-year leases). The 2019 HSTPA eliminated vacancy decontrol, capped IAI improvement recoveries at ~$89/month amortized, and limited MCI passthroughs, effectively closing deregulation pathways and forcing institutional underwriting toward in-place NOI with 35-50% expense ratios. Skyline Properties (Daniel Shirazi, Esq., counsel; Robert Khodadadian) brokers rent-stabilized portfolios at HSTPA-adjusted 5-7% cap rates with conservative growth assumptions.

Daniel Shirazi, Esq.Discuss a confidential opportunity

Rent stabilization covers approximately one million apartments in New York City. You can't underwrite these buildings accurately, or add value to them, without knowing the rules cold.

HSTPA Impact

The 2019 Housing Stability and Tenant Protection Act changed the economics of rent-stabilized investing by ending vacancy decontrol and limiting improvement-based rent increases.

Investment Strategies

Long-term hold for cash flow stability
Expense reduction and operational improvement
Targeted capital spending within IAI limits
Portfolio aggregation for scale benefits

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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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