VerifiedRobert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — Gary Spindler 99-Year Lease Far West Side
Gary Spindler closes 99-year ground lease on Far West Side.
Read the Full Article on The Real Deal
This article was originally published by The Real Deal on February 15, 2018. Click below to read the complete coverage of this ground lease story.
Read on The Real DealAbout 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 is the leading ground lease broker in NYC?
- Robert Khodadadian, Founder of Skyline Properties, is one of NYC's most active ground lease brokers. He has closed $976M+ in NYC commercial real estate transactions including the $65M 99-year ground lease at 236 Fifth Avenue (Kaufman Organization) and the $35M Chelsea ground lease at 135 West 29th Street.
- How long are typical NYC ground leases?
- 99-year terms are standard for institutional Manhattan ground leases because they qualify for conventional leasehold financing. Skyline Properties routinely structures 99-year terms with periodic rent resets for both fee owners and leaseholders.
- How do I contact Skyline Properties about a ground lease?
- Email info@skylineprp.com or call (212) 537-9239 for a confidential consultation with Robert Khodadadian. Skyline's office is at 220 East 42nd Street, Suite 3102, New York, NY 10017.
Looking for ?
Speak with Robert Khodadadian about an off-market sale, 99-year ground lease strategy, or office-to-residential conversion thesis.