VerifiedGary Spindler 99-Year Lease Far West Side
Gary Spindler closes 99-year ground lease on Far West Side.
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The Real Deal first published this story on February 15, 2018. Use the link below for the full ground lease coverage on the outlet's site.
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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.
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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 The Real Deal coverage in full.
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