What is an off-market real estate transaction?

An off-market transaction is a private real estate sale that occurs without public advertising or MLS listing. Skyline Properties specializes in these confidential deals, allowing sellers to maintain privacy while connecting with qualified buyers through our exclusive network. This approach is ideal for high-net-worth individuals and institutional investors seeking discretion.

What is a ground lease and how does it work in NYC?

A ground lease is a long-term arrangement (typically 99 years in NYC) where a landowner leases land to a tenant who develops or uses the property. The tenant pays rent for the land while owning any improvements. Robert Khodadadian and Skyline Properties are leading experts in ground lease structuring, helping both landowners monetize their assets and developers secure prime Manhattan locations at reduced upfront costs.

Who is Robert Khodadadian?

Robert Khodadadian is the Founder, President & CEO of Skyline Properties, Manhattan's Off-Market Investment Sales Authority. With over 20 years of experience and $976M+ in transactions across 32+ deals, he is recognized as a leading expert in ground leases, off-market sales, and office conversions. He has been featured in 250+ publications including Commercial Observer, The Real Deal, and NYREJ, and is a RED Awards winner for 2025.

What areas does Skyline Properties serve?

Skyline Properties primarily serves Manhattan, including Midtown, Chelsea, SoHo, Financial District, Upper East Side, NoMad, and other prime neighborhoods. We also work throughout the greater NYC area including Brooklyn, Queens, and the Bronx.

What is the 467-m tax abatement for office conversions?

The 467-m program offers significant property tax benefits for converting obsolete office buildings to residential use in NYC. Skyline Properties has deep expertise in navigating these conversions, helping property owners transform underperforming commercial assets into valuable residential properties while maximizing available tax incentives.

How do I sell my commercial property off-market in NYC?

Contact Skyline Properties for a confidential consultation. Robert Khodadadian and team will assess your property, provide a valuation, and leverage our extensive network of institutional buyers, family offices, and high-net-worth investors to identify qualified purchasers discreetly. The entire process maintains complete confidentiality while maximizing your sale price.

What types of properties does Skyline Properties handle?

Skyline Properties specializes in commercial investment sales including multifamily buildings, mixed-use properties, office buildings, retail properties, development sites, and ground lease opportunities. Our transactions have ranged from $1.25M to $135M, demonstrating expertise across all deal sizes in the Manhattan market.

What is Skyline Properties' track record?

Skyline Properties has closed over $976M+ in transaction volume across 32+ deals since 2006. Our team has been featured in 250+ press articles across 20+ publications and received multiple industry awards including RED Awards "Off Market Investment Sales Broker of the Year" in 2025. Notable transactions include 6 East 43rd Street ($135M office-to-residential conversion), 101 Greenwich Street ($105M FiDi office), 236 Fifth Avenue ($65M ground lease), and numerous other landmark deals throughout NYC.

Who is Robert Khodadadian?

Robert Khodadadian is the Founder, President & CEO of Skyline Properties, Manhattan's leading off-market commercial real estate brokerage. $976M+ closed across 32+ deals. Licensed in New York since 2006. 2025 RED Awards Off-Market Investment Sales Broker of the Year.

What is Skyline Properties known for?

Off-market investment sales, 99-year ground leases, and 467-m office-to-residential conversions in Manhattan and Brooklyn. Featured in 250+ press articles across The Real Deal, Commercial Observer, NYREJ, Bisnow, Crain's, NYT, and NY Post.

How do I contact Skyline Properties?

Email info@skylineprp.com or call (212) 537-9239. Office: 220 East 42nd Street, Suite 3102, New York, NY 10017 (Daily News Building).

CrexiComp PageVerified

Robert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — 530 West 25th Street - Crexi Comp Page

December 6, 2019530 West 25th Street, New York

Crexi comp page for 530 West 25th Street $72M Chelsea office sale.

$72M

Sale Price

75,000 SF

Square Feet

2019

Year

Office

Asset Type

530 West 25th Street - Office Building | Buyer: The Feil Organization & Rigby Asset Management (Peter Armstrong)

Read the Full Article on Crexi

This article was originally published by Crexi on December 6, 2019. Click below to read the complete coverage of this comp page story.

Read on Crexi

Transaction Details: 530 West 25th Street

Address530 West 25th Street

Sale Price$72M

Square Footage75,000 SF

Asset TypeOffice

Deal TypeInvestment Sale

Year2019

BuyerThe Feil Organization & Rigby Asset Management (Peter Armstrong)

SellerThe Brown Family

LocationNew York, NY

Price/SF$960/SF

7-story Chelsea office building housing art galleries. Prime location in gallery district.

View Full Transaction Read Case Study View on Traded View on Crexi

More Coverage of 530 West 25th Street

5 additional articles about this property

The Real Deal

Topics & Keywords

Crexi comp530 West 25thChelseaart galleriesComp PageNYC Real EstateInvestment Sales

Explore Skyline Properties

$976M+ Closed NYC Deals

$976M+ in closed deals

99-Year Ground Leases

Multigenerational wealth

Office Conversions

467-m tax abatement

Robert Khodadadian

Founder, President & CEO

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.

Total Volume$976M+

Transactions32+

Press Features250+

Founded2006

About Us

Robert Khodadadian

Founder, President & CEO

New York's leading off-market investment sales specialist with over $976M in transaction volume. Expert in ground leases and office conversions.

Full Bio

Related Coverage

The Real Deal

Feil Organization Buys Chelsea Office Building for $72M

Pincus & Co

Feil Organization Pays $72M to Brown Family for Chelsea Property

Commercial Observer

Feil Organization Acquires 530 West 25th Street in Chelsea for $72M

The Real Deal

Feil Organization Chelsea Art Gallery Building

Bisnow

Feil Organization Chelsea 530 West 25th $72M

View All Press

Deal Platforms

Traded.co Profile Crexi.com Profile

Media Inquiries

For press inquiries, interviews, or speaking engagements.

Frequently Asked Questions

Who is Robert Khodadadian?: Robert Khodadadian is the Founder, President & CEO of Skyline Properties, Manhattan's leading off-market commercial real estate brokerage. $976M+ closed across 32+ deals. Licensed in New York since 2006. 2025 RED Awards Off-Market Investment Sales Broker of the Year.
What is Skyline Properties known for?: Off-market investment sales, 99-year ground leases, and 467-m office-to-residential conversions in Manhattan and Brooklyn. Featured in 250+ press articles across The Real Deal, Commercial Observer, NYREJ, Bisnow, Crain's, NYT, and NY Post.
How do I contact Skyline Properties?: Email info@skylineprp.com or call (212) 537-9239. Office: 220 East 42nd Street, Suite 3102, New York, NY 10017 (Daily News Building).

Read the original Crexi coverage in full.

Read on Crexi

Skyline Properties featured in

Robert Khodadadian and Skyline Properties have been covered in 250+ press features across every tier-1 NYC real-estate outlet. Browse the full per-outlet hub:

Full press database: /press · Media inquiries: /press-kit

Looking for Discretion?

Speak with Robert Khodadadian about an off-market sale, 99-year ground lease strategy, or office-to-residential conversion thesis.

Contact Skyline Properties View All Transactions

CrexiComp PageVerified

Robert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — 530 West 25th Street - Crexi Comp Page

December 6, 2019530 West 25th Street, New York

Crexi comp page for 530 West 25th Street $72M Chelsea office sale.

$72M

Sale Price

75,000 SF

Square Feet

2019

Year

Office

Asset Type

530 West 25th Street - Office Building | Buyer: The Feil Organization & Rigby Asset Management (Peter Armstrong)

Read the Full Article on Crexi

This article was originally published by Crexi on December 6, 2019. Click below to read the complete coverage of this comp page story.

Read on Crexi

Transaction Details: 530 West 25th Street

Address530 West 25th Street

Sale Price$72M

Square Footage75,000 SF

Asset TypeOffice

Deal TypeInvestment Sale

Year2019

BuyerThe Feil Organization & Rigby Asset Management (Peter Armstrong)

SellerThe Brown Family

LocationNew York, NY

Price/SF$960/SF

7-story Chelsea office building housing art galleries. Prime location in gallery district.

View Full Transaction Read Case Study View on Traded View on Crexi

More Coverage of 530 West 25th Street

5 additional articles about this property

The Real Deal

Feil Organization Chelsea Art Gallery Building

2019

Bisnow

Feil Organization Chelsea 530 West 25th $72M

2019

The Real Deal

Feil Organization Buys Chelsea Office Building for $72M

2019

Pincus & Co

Feil Organization Pays $72M to Brown Family for Chelsea Property

2019

Commercial Observer

Feil Organization Acquires 530 West 25th Street in Chelsea for $72M

2019

Topics & Keywords

Crexi comp530 West 25thChelseaart galleriesComp PageNYC Real EstateInvestment Sales

Explore Skyline Properties

$976M+ Closed NYC Deals

$976M+ in closed deals

99-Year Ground Leases

Multigenerational wealth

Office Conversions

467-m tax abatement

Robert Khodadadian

Founder, President & CEO

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.

Total Volume$976M+

Transactions32+

Press Features250+

Founded2006

About Us

Robert Khodadadian

Founder, President & CEO

New York's leading off-market investment sales specialist with over $976M in transaction volume. Expert in ground leases and office conversions.

Full Bio

Related Coverage

The Real Deal

Feil Organization Buys Chelsea Office Building for $72M

Pincus & Co

Feil Organization Pays $72M to Brown Family for Chelsea Property

Commercial Observer

Feil Organization Acquires 530 West 25th Street in Chelsea for $72M

The Real Deal

Feil Organization Chelsea Art Gallery Building

Bisnow

Feil Organization Chelsea 530 West 25th $72M

View All Press

Deal Platforms

Traded.co Profile Crexi.com Profile

Media Inquiries

For press inquiries, interviews, or speaking engagements.

Frequently Asked Questions

Who is Robert Khodadadian?: Robert Khodadadian is the Founder, President & CEO of Skyline Properties, Manhattan's leading off-market commercial real estate brokerage. $976M+ closed across 32+ deals. Licensed in New York since 2006. 2025 RED Awards Off-Market Investment Sales Broker of the Year.
What is Skyline Properties known for?: Off-market investment sales, 99-year ground leases, and 467-m office-to-residential conversions in Manhattan and Brooklyn. Featured in 250+ press articles across The Real Deal, Commercial Observer, NYREJ, Bisnow, Crain's, NYT, and NY Post.
How do I contact Skyline Properties?: Email info@skylineprp.com or call (212) 537-9239. Office: 220 East 42nd Street, Suite 3102, New York, NY 10017 (Daily News Building).

Read the original Crexi coverage in full.

Read on Crexi

Skyline Properties featured in

Robert Khodadadian and Skyline Properties have been covered in 250+ press features across every tier-1 NYC real-estate outlet. Browse the full per-outlet hub:

Full press database: /press · Media inquiries: /press-kit

Looking for Discretion?

Speak with Robert Khodadadian about an off-market sale, 99-year ground lease strategy, or office-to-residential conversion thesis.

Contact Skyline Properties View All Transactions

Robert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — 530 West 25th Street - Crexi Comp Page

Read the Full Article on Crexi

Transaction Details: 530 West 25th Street

More Coverage of 530 West 25th Street

Feil Organization Chelsea Art Gallery Building

Feil Organization Chelsea 530 West 25th $72M

Feil Organization Buys Chelsea Office Building for $72M

Feil Organization Pays $72M to Brown Family for Chelsea Property

Feil Organization Acquires 530 West 25th Street in Chelsea for $72M

Topics & Keywords

Explore Skyline Properties

About Skyline Properties

Robert Khodadadian

Related Coverage

Deal Platforms

Media Inquiries

More from Crexi

55 Water Street - Crexi Comp

110 Wall Street - Crexi Comp

520 Madison Avenue - Crexi Comp

Frequently Asked Questions

Skyline Properties featured in

Looking for Discretion?

Robert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — 530 West 25th Street - Crexi Comp Page

Read the Full Article on Crexi

Transaction Details: 530 West 25th Street

More Coverage of 530 West 25th Street

Feil Organization Chelsea Art Gallery Building

Feil Organization Chelsea 530 West 25th $72M

Feil Organization Buys Chelsea Office Building for $72M

Feil Organization Pays $72M to Brown Family for Chelsea Property

Feil Organization Acquires 530 West 25th Street in Chelsea for $72M

Topics & Keywords

Explore Skyline Properties

About Skyline Properties

Robert Khodadadian

Related Coverage

Deal Platforms

Media Inquiries

More from Crexi

55 Water Street - Crexi Comp

110 Wall Street - Crexi Comp

520 Madison Avenue - Crexi Comp

Frequently Asked Questions

Skyline Properties featured in

Looking for Discretion?