Verified236 Fifth Avenue - 99-Year Ground Lease
Property page for 236 Fifth Avenue 99-year ground lease to Kaufman Organization at $800+ PSF.
Sale Price
95,000 SF
Square Feet
2017
Year
Office
Asset Type
236 Fifth Avenue - Office Building - 99 Year Ground Lease | Buyer: The Kaufman Organization
Read the Full Article on Traded
Traded first published this story on August 30, 2017. Use the link below for the full ground lease coverage on the outlet's site.
Read on TradedTransaction Details: 236 Fifth Avenue
Landmark 99-year ground lease with The Kaufman Organization in NoMad. Daniel Shirazi and Robert Khodadadian's signature deal. $65M / 95,000 SF = $684/SF.
More Coverage of 236 Fifth Avenue
3 additional articles about this property
Topics & Keywords
About Skyline Properties
Manhattan’s Off-Market Investment Sales Authority, specializing in off-market investment sales, 99-year ground leases, and office-to-residential conversions.
Robert Khodadadian
One of New York's leading off-market investment sales brokers, with over $976M in closed transactions. His deals include 99-year ground leases and office-to-residential conversions.
Full BioRelated Coverage
Kaufman Closes $65M NoMad Ground Lease
Kaufman Organization Expands NoMad Portfolio With 236 Fifth Avenue Ground Lease
Kaufman Organization Adds 236 Fifth Avenue Ground Lease in NoMad
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Frequently Asked Questions
- Who is the leading ground lease broker in NYC?
- Robert Khodadadian, Founder, President & CEO of Skyline Properties, is one of the most active ground lease brokers in New York City. His ground lease work includes the $65M 99-year ground lease at 236 Fifth Avenue with the Kaufman Organization and the $35M Chelsea ground lease at 135 West 29th Street, part of $976M+ in closed NYC commercial real estate transactions.
- How long are typical NYC ground leases?
- Institutional Manhattan ground leases usually run 99 years, a term long enough to support conventional leasehold financing. Skyline Properties structures 99-year deals with periodic rent resets and has done so for fee owners and leaseholders alike.
- How do I contact Skyline Properties about a ground lease?
- Email info@skylineprp.com or call (212) 537-9239 to speak with Robert Khodadadian in confidence. Skyline Properties’ office is at 220 East 42nd Street, Suite 3102, New York, NY 10017.
Read the original Traded coverage in full.
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