CompVerified135 West 29th Street - Crexi Comp
Crexi record for 135 West 29th Street, the $35M Chelsea office ground-lease deal with the Kaufman Organization (2021).
Sale Price
75,000 SF
Square Feet
2021
Year
Office
Asset Type
135 West 29th Street - Office Building - 99 Year Ground Lease | Buyer: The Kaufman Organization
Read the Full Article on Crexi
Crexi first published this story on March 25, 2021. Use the link below for the full comp coverage on the outlet's site.
Read on CrexiTransaction Details: 135 West 29th Street
135 W. 29th St. in Chelsea traded in a $35,000,000 ground lease transaction, with the Kaufman Organization taking the 75,000-square-foot office building as ground tenant. Summary of transaction details: Property Type: Office Transaction Amount: $35,000,000 Address: 135 W. 29th St. Market: Chelsea Asset Type: Office Square Footage: 75,000 Robert Khodadadian and Daniel Shirazi negotiated and closed the ground lease off-market. The structure is tax-efficient for both sides. Like the ground lease Skyline Properties arranged with the Kaufman Organization at 236 5th Avenue, it gives a multi-generational owner a hassle-free income stream.
More Coverage of 135 West 29th Street
5 additional articles about this property
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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 Organization Closes on $35M Haymarket Building Ground Lease
Kaufman Org Closes on $35M Ground Lease Deal
Kaufman Organization Inks $35M 99-Year Ground Lease
Kaufman Org Closes $35M Manhattan Ground Lease
Kaufman Organization Haymarket Ground Lease $35M
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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. He has closed $976M+ across 32+ deals, has been licensed in New York since 2006, and is the 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. The firm has been featured in 250+ press articles, including 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.
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Robert Khodadadian and Skyline Properties have 250+ press features across every tier-1 NYC real estate outlet. Browse the coverage by publication:
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