TransactionVerifiedKaufman Organization Closes $35M Haymarket Building Ground Lease
Kaufman Organization secures 99-year ground lease on historic Haymarket Building.
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 The Real Deal
The Real Deal first published this story on May 15, 2018. Use the link below for the full transaction coverage on the outlet's site.
Read on The Real DealTransaction 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 brokered this transaction?
- Robert Khodadadian of Skyline Properties brokered this 135 West 29th Street transaction. Skyline Properties has closed $976M+ across 32+ off-market commercial deals in Manhattan and Brooklyn, including 6 East 43rd Street ($135M), 101 Greenwich Street ($105M), 530 West 25th Street ($72M), 236 Fifth Avenue ($65M), and 131-133 Prince Street ($50M).
- How does Skyline Properties source off-market deals?
- Over 20+ years, Skyline Properties has built one of NYC's deepest off-market origination practices. Robert Khodadadian works confidentially with owners, family offices and institutional sellers, bringing them buyers he has already qualified, with no public marketing. Robert is the 2025 RED Awards Off-Market Investment Sales Broker of the Year.
- How do I work with Skyline Properties on a similar deal?
- Email info@skylineprp.com or call (212) 537-9239 to talk through a confidential opportunity. Skyline Properties takes buyer mandates and seller assignments in multifamily, office, retail, development sites, ground leases and office-to-residential conversions across Manhattan and Brooklyn.
Read the original The Real Deal coverage in full.
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