Robert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — Off-Market Broker NoMad Manhattan

NoMad (North of Madison Square Park) has emerged as one of Manhattan's most sought-after commercial real estate submarkets, driven by a concentration of luxury hotels, high-end dining, and boutique office space. The neighborhood's position between Midtown and Flatiron creates a unique value proposition for investors. Property owners in NoMad often prefer off-market sales to protect the exclusivity that defines the area. Skyline Properties structured the landmark $65M ground lease at 236 Fifth Avenue in the heart of NoMad.

NoMad's off-market inventory includes boutique office buildings, mixed-use properties with ground-floor retail and hospitality components, luxury multifamily buildings, development sites along Broadway and Fifth Avenue, and ground lease opportunities. The neighborhood's historic loft buildings and pre-war architecture attract creative tenants, tech firms, and lifestyle brands, making properties particularly appealing to investors seeking stable, high-quality tenant bases.

Skyline Properties structured the $65M 99-year ground lease at 236 Fifth Avenue, one of the most significant ground lease transactions in NoMad's history. This deal demonstrated our expertise in creative deal structures beyond traditional sales and our deep understanding of the NoMad market. Our NoMad track record includes mixed-use acquisitions, ground lease structuring, and investment sales throughout the Broadway, Fifth Avenue, and Madison Avenue corridors.

Ground leases are particularly relevant in NoMad, where multigenerational property owners seek to retain land ownership while generating income. NoMad's prime location and strong appreciation trajectory make 99-year ground leases an attractive alternative to outright sales. Skyline Properties' Robert Khodadadian is recognized as a leading ground lease specialist, and our team includes Daniel Shirazi, Esq., whose legal background provides comprehensive guidance on ground lease structuring in the NoMad submarket.

NoMad attracts discerning buyers including family offices drawn to the neighborhood's luxury positioning, boutique hospitality groups seeking hotel and mixed-use conversion opportunities, private equity firms targeting value-add repositioning of pre-war buildings, and institutional investors seeking stabilized assets in one of Manhattan's fastest-appreciating corridors. Skyline Properties' buyer network includes qualified acquirers with specific NoMad mandates and the capital to execute quickly on the right opportunity.