Off-Market Broker Financial District

The Financial District is undergoing a historic transformation from a purely office-centric neighborhood into a vibrant mixed-use community. With landmark office-to-residential conversions, proximity to the World Trade Center, and improving retail and dining scenes, FiDi presents unique off-market opportunities. Institutional owners often prefer confidential sales to avoid market speculation during repositioning. Skyline Properties closed the $105M+ acquisition of 101 Greenwich Street entirely off-market, demonstrating our deep FiDi expertise.

FiDi's off-market inventory includes Class A and Class B office towers, office-to-residential conversion candidates eligible under 467-m, historic Beaux Arts and Art Deco buildings, ground-floor retail condominiums, and development sites near the waterfront. The neighborhood's large floor plates and pre-war architecture make many buildings prime candidates for residential conversion, a trend that has accelerated significantly since 2020.

Skyline Properties sourced the $105M+ acquisition of 101 Greenwich Street, a 26-story Beaux Arts tower, for Quantum Pacific (Idan Ofer) in partnership with Metro Loft (Nathan Berman). This deal was completed entirely off-market and represents one of the largest confidential transactions in FiDi's recent history. Our Financial District track record spans office buildings, conversion candidates, and mixed-use properties throughout the Wall Street and World Trade Center corridors.

The office-to-residential conversion wave is one of the most significant trends in FiDi commercial real estate. Buildings eligible under New York's 467-m tax incentive program are highly sought after by developers. Off-market transactions are preferred because they allow buyers to conduct conversion feasibility analysis without competing bids driving up prices. Skyline Properties has deep expertise in identifying and brokering conversion-eligible buildings throughout the Financial District.

FiDi attracts institutional investors and private equity firms focused on office-to-residential conversions, family offices seeking value-add office repositioning, international investors drawn to the World Trade Center corridor, and REITs acquiring stabilized multifamily assets in recently converted buildings. Skyline Properties' buyer network includes many of the most active FiDi acquirers, with pre-qualified capital ready to deploy on the right opportunity.

FiDi has been the most active Manhattan submarket for office-to-residential conversion since 2024 thanks to RPTL §467-m and the area's deep stock of obsolete pre-war Class B office. Notable 2025 trades include the $105M sale of 101 Greenwich Street (Skyline Properties-brokered) to Quantum Pacific (Idan Ofer) + Metro Loft (Nathan Berman) for a 600-unit conversion.

FiDi Class B office basis has compressed to $200-$350/SF for conversion-eligible buildings — well below the $500-700/SF Midtown average. The math works because 467-m + Article 7C abatements + below-replacement-cost basis + strong residential rent demand combine. 101 Greenwich at ~$255/SF is representative.

Metro Loft (Nathan Berman), Vanbarton Group, GFP Real Estate, Silverstein Properties, and Quantum Pacific (Idan Ofer) lead Manhattan office-to-residential conversion. Skyline Properties brokered the Quantum Pacific + Metro Loft acquisition of 101 Greenwich Street ($105M) — one of FiDi's defining 2025 conversions.

Most FiDi conversion candidates retain ground-floor retail through the conversion, which improves overall NOI and complies with most 467-m affordability requirements. Active retail demand in FiDi has rebounded post-pandemic, especially around Wall Street, Broadway, and the Seaport corridor.

Robert Khodadadian maintains direct relationships with FiDi institutional owners (legacy banks, REITs, family-office holdings, foreign principals) and the conversion-focused buyer pool. NDA-first principal-to-principal outreach. Most FiDi deals never reach LoopNet.