VerifiedKaufman Organization Closes on $35M Haymarket Building Ground Lease
Landmark ground lease with The Kaufman Organization in NoMad. Daniel Shirazi's signature deal. Over $800 per SF. Kaufman Organization has acquired a 99-year ground lease on the historic Haymarket Building at 135 West 29th Street for $35 million.
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 Commercial Observer
Commercial Observer first published this story on March 25, 2021. Use the link below for the full ground lease coverage on the outlet's site.
Read on Commercial ObserverTransaction 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
4 additional articles about this property
Topics & Keywords
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 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
Apollo, 101 Greenwich, Quantum Pacific & Metro Loft
Related practice areas
Where Skyline Properties does the kind of work this story covers.
Deal Platforms
Media Inquiries
Reporters and event organizers: reach us here for press inquiries, interviews or speaking engagements.
Contact UsMore from
View AllApollo, 101 Greenwich, Quantum Pacific & Metro Loft
Coverage of Quantum Pacific and Metro Loft joint venture on 101 Greenwich Street office-to-residential conversion.
Jan 15, 2026
TransactionQuantum Pacific Metro Loft 600-Unit Conversion at 101 Greenwich Street
Quantum Pacific and Metro Loft announce plans for 600-unit residential conversion at 101 Greenwich Street in FiDi.
Dec 15, 2025
TransactionVanbarton Closes $135M on 6 East 43rd Street
27-story Midtown tower acquired by Vanbarton Group for conversion to 441 rental apartments. Brookfield provided $300M loan. 111 affordable units included. Vanbarton Group has closed on the acquisition of 6 East 43rd Street for $135 million with Brookfield providing $300M construction loan.
Oct 15, 2025
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 Commercial Observer coverage in full.
Read on Commercial ObserverSkyline Properties featured in
Robert Khodadadian and Skyline Properties have 250+ press features across every tier-1 NYC real estate outlet. Browse the coverage by publication:
- The Real Deal
- Commercial Observer
- NYREJ
- Crain's NY Business
- Bisnow
- Traded
- Crexi
- NY Times
- NY Post
- Real Estate Weekly
Full press database: /press · Media inquiries: /press-kit
Looking for ?
Talk to Robert Khodadadian about an off-market sale, a 99-year ground lease, or an office-to-residential conversion.