Lower Manhattan Specialist
Off-Market Broker
Robert Khodadadian and Skyline Properties specialize in confidential off-market transactions throughout the Financial District—including office-to-residential conversions, institutional investment sales, and development opportunities.
Largest FiDi Deal
101 Greenwich
Tax Abatement Expert
Stories (101 Greenwich)
101 Greenwich Street:
Skyline Properties sourced this landmark Financial District acquisition for Quantum Pacific (Idan Ofer) in partnership with Metro Loft (Nathan Berman).
The 26-story Beaux Arts tower at 101 Greenwich Street was acquired from BentallGreenOak in a transaction completed entirely off-market—demonstrating Skyline's ability to connect institutional buyers with major disposition opportunities without public marketing.
The property is positioned as a prime office-to-residential conversion candidate under the 467-m tax abatement program, continuing Metro Loft's successful track record of Lower Manhattan conversions.
Deal Summary
Why in the Financial District?
Conversion Opportunity
FiDi leads NYC in office-to-residential conversions. Off-market access lets investors secure 467-m eligible buildings before competitive discovery.
Distressed Assets
Post-pandemic office vacancies have created motivated sellers. Confidential transactions protect seller reputation while enabling value-oriented acquisitions.
Institutional Dispositions
Major REITs and funds are repositioning portfolios. Off-market processes allow discrete exits without triggering tenant departures.
Historic Buildings
Pre-war towers offer landmark tax credits and conversion potential. Off-market sourcing identifies opportunities before public listing.
Transit Access
Fulton Center and World Trade Center connections make FiDi attractive for residential conversion. First-look access is critical in this competitive market.
Long-term Value
Lower Manhattan infrastructure investments (parks, retail, schools) support residential growth. Strategic buyers seek early off-market entry.
Financial District Off-Market
Why is the Financial District attractive for off-market investment sales?
Lower Manhattan has emerged as NYC's premier office-to-residential conversion market. The combination of aging Class B/C office stock, 467-m tax abatement eligibility, and strong residential demand creates unique value-add opportunities. Off-market transactions allow investors to secure conversion candidates before competitive bidding inflates prices.
What types of off-market properties are available in FiDi?
Skyline Properties sources off-market opportunities including: office-to-residential conversion candidates, Class A office towers for institutional investors, historic buildings with landmark tax credits, development sites near transit, and distressed assets from motivated sellers seeking discretion.
What recent off-market deals has Skyline Properties closed in FiDi?
Our landmark FiDi transaction is 101 Greenwich Street—a $105M+ acquisition sourced for Quantum Pacific (Idan Ofer) in partnership with Metro Loft (Nathan Berman) from BentallGreenOak. This 26-story Beaux Arts tower was completed entirely off-market in 2025.
How does the 467-m tax abatement affect FiDi off-market deals?
The 467-m program provides up to 35 years of property tax abatement for office-to-residential conversions, making FiDi's aging office stock highly attractive for conversion plays. Off-market sourcing allows investors to identify and secure eligible buildings before program changes or competitive discovery.
What is the typical buyer profile for off-market FiDi acquisitions?
FiDi off-market buyers include: conversion specialists like Metro Loft and Vanbarton, international family offices seeking Manhattan exposure, opportunistic funds targeting distressed assets, and long-term institutional investors attracted to Lower Manhattan's infrastructure investments.
Seeking ?
Whether you're targeting office conversion candidates, seeking institutional-grade assets, or require a confidential disposition, Robert Khodadadian delivers exclusive Financial District opportunities.