Quarterly · From the City’s Deed Records
Skyline Properties is Manhattan’s Off-Market Investment Sales Authority. Each quarter, the Off-Market Pulse lists every Manhattan commercial sale over $25M recorded in ACRIS, New York City’s register of deeds: the price, the buyer and the seller, the building, and where the volume went by asset class and neighborhood. Every closing links to its public record.
ACRIS recorded 32 deeds over $25M for Manhattan commercial and investment property in Q3 2026, $2.17B in total. Against Q3 2025 (28 closings, $3.84B): 4 more closings and 44% less volume.
Each edition is built from ACRIS, the NYC Department of Finance’s register of recorded deeds, with each building’s data from PLUTO, the NYC Department of City Planning’s tax lot database. Every figure can be checked against the public record it comes from.
Each deed ACRIS recorded in the quarter for Manhattan commercial and investment property over $25M: address, price, date, buyer and seller, with a link to the record.
Total volume, number of closings, median and average closing, the largest closing, and the last four quarters together.
Office, multifamily, retail, hotel, mixed-use, vacant land and more, from the building class the Department of Finance gives each property.
Volume by Manhattan community district, named after the neighborhoods NYC Planning lists for each district.
Closings and volume for the quarter and the four before it, counted by the same rules.
Transfer tax returns over $25M recorded without a deed, such as the sale of an interest in the company that owns a building, listed apart with the interest and amount as filed.
One edition per quarter, published once ACRIS has published the quarter’s recordings. The Q2 2026 edition also carries Robert Khodadadian’s written view of the quarter.
Focused briefs on specific corners of Manhattan’s off-market deal flow. Each one draws on Skyline Properties’ active mandates, closed transactions, and buyer network.
Most Manhattan investment sales figures sit behind paywalls or describe one firm’s own deals. The Off-Market Pulse counts what the city records: every deed over $25M for commercial and investment property, the same records anyone can open on ACRIS, with each closing linked to its record. Owners and buyers see the whole market, not only the deals one broker handles.
Robert Khodadadian founded Skyline Properties in 2006 with an off-market focus. The closed deals, the 2025 RED Awards Off-Market Investment Sales Broker of the Year, and the press features across Commercial Observer, The Real Deal, Crain’s, Bisnow, and NYREJ are the firm’s record; the Pulse adds the market around it.
Skyline Properties prepares confidential Broker Opinions of Value for Manhattan commercial properties, usually within 5 business days.
