Gallery District Specialist
Off-Market Broker
Robert Khodadadian and Skyline Properties specialize in confidential off-market transactions throughout Chelsea—including gallery buildings, creative office, and High Line adjacent properties.
530 W 25th Deal
Gallery Building
Chelsea Deals
Stories
530 West 25th Street:
Skyline Properties brokered the sale of this iconic Chelsea gallery building to the Feil Organization and Rigby Asset Management.
The 7-story, 75,000 SF property at 530 West 25th Street sits in the heart of Chelsea's world-renowned gallery district. The off-market transaction protected tenant relationships and allowed for a discrete ownership transfer.
This deal demonstrates Robert Khodadadian's expertise in handling sensitive creative-sector properties where confidentiality is paramount and tenant disruption must be avoided.
Deal Summary
Why in Chelsea?
Gallery Tenant Sensitivity
World-class galleries require discrete ownership transitions. Public marketing can trigger lease negotiations and tenant departures.
Limited Supply
Chelsea's finite inventory of gallery-grade buildings means off-market sourcing is often the only way to access opportunities.
High Line Premium
Proximity to the High Line commands significant premiums. Early off-market access lets buyers secure positions before competitive bidding.
Creative Office Demand
Tech and creative tenants drive demand for Chelsea lofts. Off-market deals avoid marketing delays in a fast-moving market.
Development Scarcity
Zoning constraints and preservation priorities limit development. Off-market sourcing identifies rare ground-up opportunities.
Institutional Interest
Family offices and cultural institutions seek Chelsea properties. Off-market processes match these buyers with discrete sellers.
Chelsea Off-Market
Why is Chelsea a prime market for off-market commercial real estate?
Chelsea has transformed into one of Manhattan's most desirable creative and tech districts. The combination of gallery spaces, tech tenants, High Line proximity, and limited new construction creates intense demand. Off-market transactions allow sellers to avoid disrupting gallery tenants while giving buyers exclusive access to rare opportunities.
What types of off-market properties are available in Chelsea?
Skyline Properties sources off-market Chelsea opportunities including: art gallery buildings, creative office lofts, mixed-use properties with retail, High Line adjacent development sites, and boutique multifamily buildings. Our $72M 530 West 25th Street deal demonstrates expertise across the full Chelsea asset spectrum.
What recent landmark deals has Skyline closed in Chelsea?
Our signature Chelsea transaction is 530 West 25th Street—a $72M acquisition of a 75,000 SF gallery building sold to the Feil Organization and Rigby Asset Management. This 7-story property in the heart of the gallery district was completed off-market, protecting tenant relationships throughout the process.
How does the gallery district affect Chelsea off-market deals?
Chelsea's concentration of world-class galleries creates unique transaction dynamics. Gallery tenants are extremely sensitive to ownership changes and marketing exposure. Off-market transactions protect these relationships, preserve tenant stability, and often result in better pricing for sellers who prioritize discretion.
What buyer profile seeks Chelsea off-market opportunities?
Chelsea attracts diverse buyer profiles: institutional investors seeking trophy creative office, family offices drawn to the neighborhood's cultural cachet, developers targeting High Line adjacent sites, and value-add investors repositioning older loft buildings for tech and creative tenants.
Seeking ?
Whether you're targeting gallery buildings, creative office, or High Line development sites, Robert Khodadadian delivers exclusive Chelsea opportunities.