ConversionVerifiedRobert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — Vanbarton Group Buying 6 East 43rd Street for Conversion
Vanbarton Group has agreed to buy 6 East 43rd Street from Emigrant Savings Bank for $135M for residential conversion.
Sale Price
400,000 SF
Square Feet
2025
Year
Office
Asset Type
6 East 43rd Street - Office to Residential Conversion | Buyer: The Vanbarton Group
Read the Full Article on The Real Deal
This article was originally published by The Real Deal on May 19, 2025. Click below to read the complete coverage of this conversion story.
Read on The Real DealTransaction Details: 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.
More Coverage of 6 East 43rd Street
10 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
Vanbarton Closes $135M on 6 East 43rd Street
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Vanbarton Group Pays $135M to Emigrant Bank for Office-to-Resi Conversion
Vanbarton Group Closes on the Next Office to Resi Conversion, 6 East 43rd Street
Vanbarton 6 East 43rd Street Office-to-Residential Conversion
Deal Platforms
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Frequently Asked Questions
- Who brokered the largest 467-m office conversion in NYC?
- Robert Khodadadian and Skyline Properties brokered the $135M sale of 6 East 43rd Street to Vanbarton Group — a 400,000 SF Midtown office tower being converted to 441 rental apartments (111 affordable) under NYC's 467-m tax abatement, with $300M construction financing from Brookfield. Skyline also brokered the $105M 101 Greenwich Street sale to Quantum Pacific + Metro Loft.
- What is NYC's 467-m tax abatement?
- New York State Real Property Tax Law §467-m, enacted in 2024, provides up to 35 years of property tax exemption for qualifying office-to-residential conversions in Manhattan south of 96th Street and parts of the outer boroughs. Construction must commence by June 30, 2031 for the maximum benefit.
- How do I find office buildings suitable for conversion?
- Skyline Properties maintains active conversion-candidate mandates and an off-market origination practice. Robert Khodadadian works directly with buyers (Vanbarton Group, Metro Loft, Quantum Pacific, GFP, and other conversion-experienced sponsors) to source Class B and C office assets that pencil under 467-m.
Looking for ?
Speak with Robert Khodadadian about an off-market sale, 99-year ground lease strategy, or office-to-residential conversion thesis.