VerifiedRobert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — Sister Act: Kaufman Inking Ground Lease for NoMad Office Building
Kaufman Organization inking 99-year ground lease for NoMad office at 236 Fifth Avenue.
Sale Price
95,000 SF
Square Feet
2017
Year
Office
Asset Type
236 Fifth Avenue - Office Building - 99 Year Ground Lease | Buyer: The Kaufman Organization
Read the Full Article on The Real Deal
This article was originally published by The Real Deal on August 30, 2017. Click below to read the complete coverage of this ground lease story.
Read on The Real DealTransaction Details: 236 Fifth Avenue
Landmark ground lease with The Kaufman Organization in NoMad. Daniel Shirazi's signature deal. Over $800 per SF.
More Coverage of 236 Fifth Avenue
8 additional articles about this property
About 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.
Full BioRelated Coverage
Kaufman Closes $65M NoMad Ground Lease
236 Fifth Avenue - 99-Year Ground Lease
236 Fifth Avenue - 99-Year Ground Lease Comp
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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.