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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Manhattan’s Off-Market Investment Sales Authority, specializing in off-market investment sales, 99-year ground leases, and office-to-residential conversions.
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Frequently Asked Questions
- Which ground lease transactions has Skyline Properties brokered?
- Skyline Properties has brokered the $65M 99-year ground lease at 236 Fifth Avenue and the $35M Chelsea ground lease at 135 West 29th Street. See the transaction history for the individual deal details.
- 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 discuss a confidential transaction. Skyline Properties’ office is at 220 East 42nd Street, Suite 3102, New York, NY 10017.
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