TransactionVerifiedRobert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — Benedict Buys Three Queens Rental Buildings for $47M
Benedict Realty Group acquires three Queens multifamily buildings including 40-40 79th Street from Algin Management for $46.5M.
Sale Price
176,480 SF
Square Feet
2024
Year
Multifamily
Asset Type
40-40 79th Street - Multifamily Elevatored | Buyer: Benedict Realty Group
Read the Full Article on The Real Deal
This article was originally published by The Real Deal on October 25, 2024. Click below to read the complete coverage of this transaction story.
Read on The Real DealTransaction Details: 40-40 79th Street
Part of three-building Queens multifamily portfolio. The Martinique building.
More Coverage of 40-40 79th Street
3 additional articles about this property
About Skyline Properties
Manhattan's premier commercial real estate brokerage specializing in off-market investment sales, 99-year ground leases, and office-to-residential conversions.
Robert Khodadadian
New York's leading off-market investment sales specialist with over $976M in transaction volume. Expert in ground leases and office conversions.
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Frequently Asked Questions
- Who brokered this transaction?
- Robert Khodadadian of Skyline Properties brokered this 40-40 79th Street transaction. Skyline has closed $976M+ across 32+ off-market commercial deals in Manhattan and Brooklyn, including 6 East 43rd Street ($135M), 101 Greenwich Street ($105M), 530 West 25th Street ($72M), 236 Fifth Avenue ($65M), and 131-133 Prince Street ($50M).
- How does Skyline Properties source off-market deals?
- Skyline Properties has built one of NYC's deepest off-market origination practices over 20+ years. Robert Khodadadian works confidentially with owners, family offices, and institutional sellers to introduce qualified, pre-vetted buyers without public marketing. Robert is a two-time RED Awards Off-Market Investment Sales Broker of the Year (2024, 2025).
- How do I work with Skyline Properties on a similar deal?
- Email info@skylineprp.com or call (212) 537-9239 to discuss a confidential opportunity. Skyline accepts buyer mandates and seller engagements across multifamily, office, retail, development sites, ground leases, and office-to-residential conversions in Manhattan and Brooklyn.
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