Live aggregation of Skyline Properties and Robert Khodadadian posts across 13 platforms. NYC commercial real estate market commentary, deal announcements, ground-lease insights, and office-to-residential conversion analysis — pulled directly from each platform's public feed.
<![CDATA[Law firm Cole, Scott & Kissane is expanding in Dadeland, Fla., after signing a 21,000-square-foot office lease. The firm will occupy a full floor at the 18-story One Datran office building at 9100 South Dadeland Boulevard, adjacent to the Dadeland South Metrorail station, sandwiched between Palmetto Expressway and Route 1. The lease runs for 10 […]]]>
<![CDATA[Canada-based fashion retailer Garage is taking over the iconic retail corner at RFR Holding’s 160 Fifth Avenue for its second New York City store, Commercial Observer has learned. Garage is a fashion brand catering to Gen Z and Millennials and is owned by the publicly traded global retailer Group Dynamite. Garage’s new store on the […]]]>
<![CDATA[The commercial real estate industry will now be closely monitoring every word of Kevin Warsh. The U.S. Senate approved Warsh’s nomination as the next Federal Reserve chair Wednesday in a 54-to-45 vote nearly completely along party lines. Warsh’s confirmation comes three and a half months after President Donald Trump nominated the former Fed governor to […]]]>
<![CDATA[VTEX, a publicly traded tech platform that streamlines business operations, is moving its offices a little closer to Bryant Park, Commercial Observer has learned. The company signed a 5,672-square-foot lease at APF Properties’ 286 Madison Avenue, where it will occupy the entire 14th floor in a possible relocation from nearby 11 East 44th Street, according […]]]>
<![CDATA[Mapletree Investments has purchased a 96.8-acre development site in Manalapan, N.J., with plans to transform it into a logistics facility. The Singapore-based investment and development firm spent approximately $100 million on the acquisition, a source close to the deal told Commercial Observer. The identity of the seller, represented by JLL‘s Paul Torosian and Larry Maister, […]]]>
<![CDATA[Mayor Zohran Mamdani is feeling the need for SPEED. New York City’s municipal government continues to whittle away at barriers to housing development, with the Mamdani administration announcing Wednesday another suite of changes to the approval process. Housing projects seeking zoning changes could see rapid progress in the “pre-certification” process, down from two years to […]]]>
<![CDATA[TSCG, a retail-only commercial real estate brokerage based in Atlanta, has promoted Nichole Popovics to president, the company announced Wednesday. Popovics, who was previously executive vice president and managing director at TSCG, will succeed Sam Latone. The former president will continue as the firm’s co-CEO alongside David Birnbrey and simultaneously transition into a new position […]]]>
<![CDATA[The Durst Organization’s One World Trade Center is on trend, according to W Magazine. The American fashion and culture publication signed a long-term, 12,456-square-foot lease on the 46th floor of the 104-story Financial District office tower for its new headquarters, according to tenant broker Avison Young. W Magazine, founded in 1972, is currently helmed by […]]]>
<![CDATA[Forus, an artificial intelligence company formerly known as Tandem, has inked a 25,200-square-foot lease at Zar Property NY’s 109 Wooster Street in Manhattan’s SoHo neighborhood, Commercial Observer has learned. The company, which focuses on modernizing medication access and health care operations, will occupy the entire second and third floors of the six-story building between Spring […]]]>
<![CDATA[Upscale fitness center Composure Club inked a 13,900-square-foot lease in Boca Raton, Fla., Commercial Observer has learned. The wellness concept, which signed a 10-year lease, is set to open its first location by the end of the year at 500 Northeast Spanish River Boulevard, just west of the Dixie Highway. “We designed the club to […]]]>
<![CDATA[The commercial mortgage-backed securities (CMBS) market is warming up to Manhattan’s Midtown office market in the height of spring. A joint venture between Brookfield and the Qatar Investment Authority (QIA) has secured a $1.9 billion CMBS loan to refinance its 2 Manhattan West property that debuted in 2023. The Wells Fargo-led deal follows a $1.8 […]]]>
<![CDATA[Stagg Group, a Bronx-based real estate development company, has filed plans with the New York City Department of Buildings to bring a 68-unit residential tower to 29-12 Hoyt Avenue South in Astoria, Queens. The filing calls for the construction of a nine-story, 82,960-square-foot residential building. Minkuk Kim of Mk Architect Studio is the registered applicant, […]]]>
<![CDATA[Richard Kessler has been promoted to the first-ever CEO of Benenson Capital Partners, Commercial Observer has learned. Kessler has since 1998 served as chief operating officer of the development company run by three members of the Benenson family, essentially operating in a “de facto CEO role,” the company said. He will now officially be made […]]]>
<![CDATA[The upcoming WeWork floors at 511 Fifth Avenue are designed to look less like a tech startup loft and more like a boutique hotel lobby. The coworking giant earlier this year leased four floors encompassing roughly 37,000 square feet of the Beaux Arts building between East 42nd and East 43rd streets. Bold plans for the […]]]>
<![CDATA[Sun River Health, a network of medical facilities with locations around the five boroughs, has renewed its 6,704-square-foot medical office lease at 2510 Westchester Avenue in the Bronx, building owner Simone Development Companies announced Tuesday. The health care provider has been in the space at the three-story building between Seabury and Commerce avenues in Westchester […]]]>
<![CDATA[Romero Britto has expanded his art studio in Miami’s Little River neighborhood. The Brazilian artist and sculptor paid $5.2 million for a 57,187-square-foot industrial building, according to Jason Zarco of the Percal Zarco Group, who represented the buyer. Doug Levine, the founder of Crunch Fitness, sold the 1.3-acre property at 810 Northwest 72nd Street. The […]]]>
<![CDATA[Realterm, a global investment manager that focuses on the transportation industry, has announced the acquisition of 935 Garrison Avenue, a 1-acre industrial outdoor storage (IOS) site in the Bronx’s Hunts Point neighborhood. This acquisition marks Realterm’s fifth industrial property in the Bronx. The seller is Metro PH 935 Garrison, an LLC linked to Barry Haskell, […]]]>
Khodadadian strikes out on his own again Khodadadian strikes out on his own again Robert Khodadadian Robert Khodadadian JUN 1, 2013 AT 7:00 AM EDT By Guelda Voien Commercial broker Robert Khodadadian has left Eastern Consolidated to devote all his time to off-market deals with Skyline Properties, a company he founded before the recession. “Nobody wants to deal with exclusives,” Khodadadian told TRD last month. “I can’t count how many times a buyer has told me that when they see an email from a big company, they delete it.” Khodadadian began with Massey Knakal in 2004. During the boom, he struck out on his own. Skyline had two offices at its height — one in Great Neck and one on Park Avenue. Khodadadian let the company wind down when the financial crisis hit. Last year, he joined up with Adelaide Polsinelli when she defected from Marcus & Millichap to Eastern Consolidated. This spring, Khodadadian decided to re-invigorate Skyline to seize on the uptick in commercial sales spurred by low interest rates
**Robert Khodadadian: NYC's Premier Off-Market Commercial Real Estate Broker & Founder of Skyline Properties**
Apr 9
*With over* ***$976 million in transaction volume*** *and* ***32+ closed deals****, Robert Khodadadian has established himself as one of* [*New York City's most accomplished commercial real estate brokers*](https://www.sky-nyc.com/off-market-broker-nyc)*. As founder and CEO of* [*Skyline Properties*](https://www.sky-nyc.com/)*, he specializes in* [*off-market investment sales*](https://www.sky-nyc.com/off-market-broker-nyc)*,* [*ground leases*](https://www.sky-nyc.com/ground-leases)*, and* [*office-to-residential conversions*](https://www.sky-nyc.com/office-conversion-specialist)*, delivering exceptional results for investors, developers, and property owners across Manhattan and the outer boroughs.*
**By the Numbers:**
**$976M+** in total transaction volume
**32+** closed deals
**$135M** largest single transaction
**5** landmark deals over $50M ($427M+ total)
**4** ground lease transactions ($137M+ volume)
**RED Awards** Off-Market Investment Sales Broker of the Year 2024 & 2025
**NYREJ** Executive of the Month (July 2014)
**NYREJ** 40 Under 40 Rising Stars
Featured in [The Real Deal](https://therealdeal.com/), [Commercial Observer](https://commercialobserver.com/), and [NYREJ](https://nyrej.com/)

Table of Contents
[Full Career History & Professional Background](https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop#career-history)
[Major Transactions & Deal Track Record](https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop#major-transactions)
[Ground Lease Expertise](https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop#ground-leases)
[Skyline Properties: Company Overview](https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop#skyline-properties)
[Services & Specializations](https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop#services)
[Press Coverage & Media Recognition](https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop#press-coverage)
[Awards & Professional Recognition](https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop#awards)
[Frequently Asked Questions](https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop#faq)
Full Career History & Professional Background
Robert Khodadadian's journey in [commercial real estate](https://www.sky-nyc.com/manhattan-office-broker) began while studying finance at [Pace University's Lubin School of Business](https://www.pace.edu/), where he started buying and flipping properties. His entrepreneurial spirit and early start in real estate investment laid the groundwork for what would become a remarkable career spanning over two decades.
Education and Early Career (2004-2006)
Khodadadian's professional career took shape under the mentorship of industry legend [Bob Knakal](https://en.wikipedia.org/wiki/Robert_Knakal) at [Massey Knakal Realty Services](https://www.masseyknakal.com/), one of [Manhattan](https://www.sky-nyc.com/neighborhoods/manhattan)'s most prestigious investment sales firms. This foundational training in [investment property sales](https://www.sky-nyc.com/development-site-acquisitions)provided invaluable experience in deal structuring, client relationships, and market analysis.
Founding Skyline Properties (2006)
In 2006, Khodadadian became licensed in NY/NJ and founded [Skyline Properties](https://www.sky-nyc.com/). Recognizing a gap in the market for a boutique firm focused exclusively on [off-market transactions](https://www.sky-nyc.com/off-market-broker-nyc), he built the company around a simple premise: property owners often achieve better outcomes through confidential, targeted marketing rather than broad public listings.
Relaunch & Market Focus (2013)
In 2013, Khodadadian relaunched Skyline Properties with a sharpened focus on [off-market investment sales](https://www.sky-nyc.com/off-market-broker-nyc) and discretionary transactions. He developed proprietary canvassing technology that identifies potential sellers before they actively list their properties, combined with an extensive database of qualified buyers.
Industry Recognition (2014-Present)
Khodadadian earned significant industry recognition including [NYREJ Executive of the Month](https://nyrej.com/executive-of-the-month-robert-khodadadian-of-skyline-properties-an-entrepreneur-evolving-with-changing-markets-providing-optimal-results) (July 2014), [NYREJ 40 Under 40 Rising Stars](https://nyrej.com/), and consecutive **RED Awards Off-Market Investment Sales Broker of the Year** honors in 2024 and 2025.
Major Transactions & Deal Track Record
Robert Khodadadian's transaction history includes landmark deals across Manhattan, Brooklyn, Queens, and the Bronx. Below is a comprehensive overview of his most significant transactions, with direct links to deal data and press coverage.
Landmark Deals $50M+ (5 Transactions Totaling $427M+)
$135M: 6 East 43rd Street — Midtown Manhattan (2025)
**Property Type:** Office-to-Residential Conversion | **Size:** 400,000 SF | **Price/SF:** $338
**Buyer:** [The Vanbarton Group](https://www.vanbarton.com/)**Seller:** [Emigrant Savings Bank (Milstein Properties)](https://www.emigrant.com/)
One of the largest office conversion deals of 2025. The building will be converted to residential use under the [467-m tax abatement program](https://www.sky-nyc.com/guides/467m-tax-abatement-guide).
**Deal Data:** [Traded.co](http://traded.co/) | **Press:** [The Real Deal](https://therealdeal.com/new-york/2025/05/19/vanbarton-group-buying-6-east-43rd-street-for-conversion/)
$105M: 101 Greenwich Street — Financial District (2025)
**Property Type:** Office Building | **Size:** 400,294 SF | **Price/SF:** $262
**Buyer:** [Quantum Pacific (Idan Ofer) & Metro Loft (Nathan Berman)](https://www.metroloftnyc.com/)**Seller:** [BentallGreenOak (BGO)](https://www.bentallgreenoak.com/)
Major Financial District office acquisition for residential conversion in Lower Manhattan.
**Deal Data:** [Traded.co](http://traded.co/) | [Crexi](https://www.crexi.com/comps/1898788/new-york-101-greenwich-st) | **Press:** [Commercial Observer](https://commercialobserver.com/2025/02/quantum-pacific-bgo-newmark-metro-loft/)
$72M: 530 West 25th Street — Chelsea (2019)
**Property Type:** Office Building | **Size:** 75,000 SF | **Price/SF:** $960
**Buyer:** [The Feil Organization & Peter Armstrong](https://www.feilorg.com/)
Premier Chelsea office building in the heart of the art gallery district.
**Deal Data:** [Traded.co](http://traded.co/) | [Crexi](https://www.crexi.com/comps/1219298/new-york-530-west-25th-street) | **Press:** [The Real Deal](https://therealdeal.com/2019/12/06/feil-organization-buys-chelsea-office-building-for-72m/)
$65M: 236 Fifth Avenue — NoMad (2017)
**Property Type:** 99-Year Ground Lease | **Size:** 95,000 SF | **Price/SF:** $684
**Buyer:** [The Kaufman Organization](https://www.kaufmanorganization.com/)**Seller:** LCT Associates
Landmark ground lease transaction demonstrating [ground lease expertise](https://www.sky-nyc.com/ground-leases).
**Deal Data:** [Traded.co](http://traded.co/) | [Crexi](https://www.crexi.com/comps/1219291/new-york-236-5th-ave) | **Press:** [The Real Deal](https://therealdeal.com/2017/08/30/sister-act-kaufman-inking-ground-lease-for-nomad-office-building/)
$50M: 131-133 Prince Street — SoHo (2014)
**Property Type:** SoHo Retail Co-op | **Size:** 2,000 SF | **Price/SF:** $25,000
**Buyer:** [Acadia Realty Trust](https://www.acadiarealty.com/)**Seller:** Louis Meisel
Prestigious retail co-op in one of Manhattan's most coveted shopping corridors.
**Deal Data:** [Traded.co](http://traded.co/) | [Crexi](https://www.crexi.com/comps/1219334/new-york-131-prince-st) | **Press:** [Commercial Observer](https://commercialobserver.com/2014/08/acadia-closes-50m-purchase-of-soho-retail-co-ops/)
Additional Notable Transactions
Property
Type
Amount
Buyer
Data
**711 Madison Avenue**, Upper East Side
Mixed Use
$47M
Ralph Sitt
[Traded](https://traded.co/deals/new-york/mixed-use/sale/711-madison-ave-1/)
**34-44 77th Street**, Kew Gardens, Queens
Multifamily
$46.5M
[Benedict Realty Group](https://www.benedictrealty.com/)
[Traded](https://traded.co/deals/new-york/multifamily/sale/34-44-77th-street/)
**40-40 79th Street**, Kew Gardens, Queens
Multifamily
$46.5M
[Benedict Realty Group](https://www.benedictrealty.com/)
[Traded](https://traded.co/deals/new-york/multifamily/sale/40-40-79th-street/)
**56-11 94th Street**, Kew Gardens, Queens
Multifamily
$46.5M
[Benedict Realty Group](https://www.benedictrealty.com/)
[Traded](https://traded.co/deals/new-york/multifamily/sale/56-11-94th-street/)
**72 Greene Street**, SoHo
Mixed Use
$42M
L3 Capital
[Traded](https://traded.co/deals/new-york/mixed-use/sale/72-greene-st-1/)
**135 West 29th Street**, Chelsea
99-Year Ground Lease
$35M
[Kaufman Organization](https://www.kaufmanorganization.com/)
[Traded](https://traded.co/deals/new-york/office/sale/135-west-29th-street/)
**61-01 Springfield Boulevard**, Queens
Retail
$32M
Lee Family
[Traded](https://traded.co/deals/new-york/retail/sale/61-01-springfield-boulevard-1/)
**133 Greenwich Street**, FiDi
Development Site
$28M
[Hidrock](https://www.hidrock.com/)
[Traded](https://traded.co/deals/new-york/development-site/sale/133-greenwich-st-2/)
**79 Clifton Place**, Clinton Hill, Brooklyn
Multifamily
$22.9M
[FREO U.S. Management](https://www.freo.com/)
[Traded](https://traded.co/deals/new-york/multifamily/sale/79-clifton-pl-1/)
**4-14 West 125th Street**, Harlem
99-Year Ground Lease
$20M
The Renatus Group
[Traded](https://traded.co/deals/new-york/office/sale/4-14-w-125th-st-1/)
**165 Eldridge Street**, Lower East Side
Mixed Use
$19.25M
[FREO U.S. Management](https://www.freo.com/)
[Traded](https://traded.co/deals/new-york/mixed-use/sale/165-eldridge-street/)
**210 Bowery**, NoHo/Bowery
Mixed Use
$7.5M
[Acadia Realty Trust](https://www.acadiarealty.com/)
[Traded](https://traded.co/deals/new-york/mixed-use/sale/210-bowery-1/)
**1340 Lafayette Avenue**, Bronx
Development Site
$10.85M
[Wildflower Ltd.](https://www.wildflowerstudios.com/)
[Traded](https://traded.co/deals/new-york/industrial/sale/1340-lafayette-avenue-749-whittier-street-745-whittier-street/)
Ground Lease Expertise
Skyline Properties has structured **4 ground lease transactions totaling $137M+ in volume**, making it one of New York's most active brokers of [ground leases](https://www.sky-nyc.com/ground-leases).
Ground Lease Transactions
**$65M** — 236 Fifth Avenue (Kaufman Organization)
**$35M** — 135 West 29th Street (Kaufman Organization)
**$20M** — 4-14 West 125th Street, Harlem (The Renatus Group)
**$17M** — 2012 Broadway, Upper West Side
[Understanding Ground Leases: A Complete Guide →](https://www.sky-nyc.com/guides/ground-lease-explained)
Skyline Properties: Company Overview
[Skyline Properties](https://www.sky-nyc.com/) is a boutique [commercial real estate brokerage](https://www.sky-nyc.com/manhattan-office-broker) headquartered at [220 East 42nd Street, Suite 3102](https://www.sky-nyc.com/contact) in [Midtown Manhattan](https://www.sky-nyc.com/neighborhoods/midtown) (Daily News Building, 31st Floor). Founded in 2006 by Robert Khodadadian, the firm specializes in [off-market investment sales](https://www.sky-nyc.com/off-market-broker-nyc), [ground leases](https://www.sky-nyc.com/ground-leases), and [office-to-residential conversions](https://www.sky-nyc.com/office-conversion-specialist).
Company Statistics
**$976M+** Total Transaction Volume
**32+** Closed Deals
**250+** Press Articles
**19+** Years Active (Since 2006)
**24hr** Response Time
Credentials & Memberships
NY/NJ Licenses — NYS Broker's License Since 2006
[REBNY](https://www.rebny.com/) (Real Estate Board of New York)
[CoStar](https://www.co-star.com/)
[ICSC](https://www.icsc.org/) (International Council of Shopping Centers)
[NAR](https://www.nar.realtor/) (National Association of Realtors)
Services & Specializations
Skyline Properties offers a focused suite of services:
[Off-Market Investment Sales](https://www.sky-nyc.com/off-market-broker-nyc)
Confidential property sales that never reach public listing platforms. Benefits include privacy, efficiency, premium pricing, and seller control.
[Ground Lease Advisory](https://www.sky-nyc.com/ground-leases)
99-year ground lease structures, valuations, negotiations, leasehold financing coordination, and ground lease buyouts.
[Office-to-Residential Conversions](https://www.sky-nyc.com/office-conversion-specialist)
Expertise in identifying conversion candidates and navigating [467-m tax abatement](https://www.sky-nyc.com/guides/467m-tax-abatement-guide) requirements.
[Development Site Acquisitions](https://www.sky-nyc.com/development-site-acquisitions)
Off-market development site opportunities across New York City.
[Multifamily Portfolio Sales](https://www.sky-nyc.com/multifamily-portfolio-sales)
Rent-stabilized analysis, portfolio optimization, and buyer qualification.
Free Tools & Calculators
[Cap Rate Calculator](https://www.sky-nyc.com/cap-rate-calculator)
[NOI Calculator](https://www.sky-nyc.com/noi-calculator)
[Ground Lease Calculator](https://www.sky-nyc.com/ground-lease-calculator)
[467-m Tax Calculator](https://www.sky-nyc.com/tax-calculator)
[Free Property Valuation](https://www.sky-nyc.com/property-valuation)
Press Coverage & Media Recognition
Robert Khodadadian and Skyline Properties have been featured in **250+ press articles** in leading real estate publications:
The Real Deal
[Vanbarton Group Buying 6 East 43rd Street for Conversion](https://therealdeal.com/new-york/2025/05/19/vanbarton-group-buying-6-east-43rd-street-for-conversion/) (May 2025)
[Feil Organization Buys Chelsea Office Building for $72M](https://therealdeal.com/2019/12/06/feil-organization-buys-chelsea-office-building-for-72m/) (December 2019)
[Kaufman Inking Ground Lease for NoMad Office Building](https://therealdeal.com/2017/08/30/sister-act-kaufman-inking-ground-lease-for-nomad-office-building/) (August 2017)
[Kaufman Org Closes on $35M Ground Lease Deal](https://therealdeal.com/2021/03/25/kaufman-org-closes-on-35m-ground-lease-deal/) (March 2021)
Commercial Observer
[Quantum Pacific, BGO, Newmark & Metro Loft](https://commercialobserver.com/2025/02/quantum-pacific-bgo-newmark-metro-loft/) (February 2025)
[Acadia Closes $50M Purchase of Soho Retail Co-ops](https://commercialobserver.com/2014/08/acadia-closes-50m-purchase-of-soho-retail-co-ops/) (August 2014)
NYREJ (New York Real Estate Journal)
[Executive of the Month: Robert Khodadadian](https://nyrej.com/executive-of-the-month-robert-khodadadian-of-skyline-properties-an-entrepreneur-evolving-with-changing-markets-providing-optimal-results) (July 2014)
[Company of the Month: Skyline Properties](https://nyrej.com/company-of-the-month-skyline-properties-brokering-outside-the-box-off-market-deals-ground-leases-and-customized-canvassing) (September 2020)
Awards & Professional Recognition
RED Awards: Off-Market Investment Sales Broker of the Year
**2024 & 2025 Winner** — Back-to-back recognition as the region's foremost expert in confidential property transactions.
NYREJ Executive of the Month
**July 2014** — [In-depth profile](https://nyrej.com/executive-of-the-month-robert-khodadadian-of-skyline-properties-an-entrepreneur-evolving-with-changing-markets-providing-optimal-results) covering career trajectory, business philosophy, and market insights.
NYREJ 40 Under 40 Rising Stars
Recognition highlighting rapid ascent in New York commercial real estate.
NYREJ Company of the Month
**September 2020** — Feature on Skyline Properties' innovative approach to [off-market deals](https://www.sky-nyc.com/off-market-broker-nyc), [ground leases](https://www.sky-nyc.com/ground-leases), and canvassing technology.
Frequently Asked Questions
**Who is Robert Khodadadian?**
Robert Khodadadian is a commercial real estate broker and founder of [Skyline Properties](https://www.sky-nyc.com/), a Manhattan-based brokerage specializing in [off-market investment sales](https://www.sky-nyc.com/off-market-broker-nyc), [ground leases](https://www.sky-nyc.com/ground-leases), and [office conversions](https://www.sky-nyc.com/office-conversion-specialist). He has completed over $976 million in transactions across 32+ deals and earned RED Awards Off-Market Investment Sales Broker of the Year in 2024 and 2025.
**How do I contact Robert Khodadadian?**
**Office:** 220 East 42nd Street, Suite 3102, New York, NY 10017 (Daily News Building, 31st Floor)**Phone:** [(212) 537-9239](tel:+12125379239)**Email:** [rk@skylineprp.com](mailto:rk@skylineprp.com)**Website:** [www.sky-nyc.com](http://www.sky-nyc.com/)
**What is Skyline Properties?**
[Skyline Properties](https://www.sky-nyc.com/) is a boutique commercial real estate brokerage founded by Robert Khodadadian in 2006. With $976M+ in transaction volume and 32+ closed deals, the firm specializes in [off-market transactions](https://www.sky-nyc.com/off-market-broker-nyc), [ground leases](https://www.sky-nyc.com/ground-leases), [office-to-residential conversions](https://www.sky-nyc.com/office-conversion-specialist), and [development site acquisitions](https://www.sky-nyc.com/development-site-acquisitions) across New York City.
**What are Robert Khodadadian's biggest transactions?**
His largest deals include: $135M sale of [6 East 43rd Street](https://traded.co/deals/new-york/office/sale/6-east-43rd-street-1/) to Vanbarton Group; $105M sale of [101 Greenwich Street](https://traded.co/deals/new-york/office/sale/101-greenwich-street/) to Quantum Pacific/Metro Loft; $72M sale of [530 West 25th Street](https://traded.co/deals/new-york/office/sale/516-530-west-25th-street-3/) to Feil Organization; $65M ground lease at [236 Fifth Avenue](https://traded.co/deals/new-york/office/loan/236-fifth-avenue/)to Kaufman Organization; $50M sale of [131-133 Prince Street](https://traded.co/deals/new-york/retail/sale/131-133-prince-st-1/) to Acadia Realty Trust.
**What is an off-market real estate transaction?**
An [off-market transaction](https://www.sky-nyc.com/off-market-broker-nyc) is a property sale that occurs without public marketing. Property owners choose this approach for privacy, speed, and control. Learn more: [What is Off-Market Real Estate?](https://www.sky-nyc.com/guides/what-is-off-market-real-estate)
**What is a ground lease?**
A [ground lease](https://www.sky-nyc.com/ground-leases) is a long-term lease (typically 99 years) where a tenant leases land and owns any improvements. Learn more: [Ground Leases Explained](https://www.sky-nyc.com/guides/ground-lease-explained)
Conclusion
Robert Khodadadian has established himself as one of New York City's most accomplished [commercial real estate brokers](https://www.sky-nyc.com/manhattan-office-broker), with $976M+ in transactions and 32+ closed deals. Through [Skyline Properties](https://www.sky-nyc.com/), he has pioneered a specialized approach to [off-market investment sales](https://www.sky-nyc.com/off-market-broker-nyc), [ground leases](https://www.sky-nyc.com/ground-leases), and [office conversions](https://www.sky-nyc.com/office-conversion-specialist).
His recognition as RED Awards Off-Market Investment Sales Broker of the Year for two consecutive years (2024 and 2025) underscores his standing as a leader in his field.
Ready to Discuss Your Property?
**Robert Khodadadian**Founder & CEO, Skyline Properties📍 220 East 42nd Street, Suite 3102New York, NY 10017📞 [(212) 537-9239](tel:+12125379239)✉️ [rk@skylineprp.com](mailto:rk@skylineprp.com)🌐 [www.sky-nyc.com](http://www.sky-nyc.com/)
*Published by* [*Skyline Properties*](https://www.sky-nyc.com/) *| Last Updated: 2025*
**Related Resources:**
[Robert Khodadadian Profile](https://www.sky-nyc.com/robert-khodadadian)
[Skyline Properties Closed Deals](https://www.sky-nyc.com/closed-deals)
[Press Coverage Archive](https://www.sky-nyc.com/press)
[Free Property Valuation](https://www.sky-nyc.com/property-valuation)
Contact Robert Khodadadian
**Skyline Properties**220 East 42nd Street, Suite 3102New York, NY 10017(Daily News Building, 31st Floor)
**Phone:** [(212) 537-9239](tel:+12125379239)**Email:** [rk@skylineprp.com](mailto:rk@skylineprp.com)**Website:** [www.sky-nyc.com](http://www.sky-nyc.com/)
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[About The Owner](https://www.skylineprp.com/blog/categories/about-the-owner)
Robert Khodadadian: NYC’s Premier Off-Market Commercial Real Estate Broker & Founder of Skyline Properties Robert Khodadadian: NYC’s Premier Off-Market Commercial Real Estate Broker & Founder of Skyline Properties Apr 9 With over $976 million in transaction volume and 32+ closed deals, Robert Khodadadian has established himself as one of New York City’s most accomplished commercial real estate brokers. As founder and CEO of Skyline Properties, he specializes in off-market investment sales, ground leases, and office-to-residential conversions, delivering exceptional results for investors, developers, and property owners across Manhattan and the outer boroughs. By the Numbers: $976M+ in total transaction volume 32+ closed deals $135M largest single transaction 5 landmark deals over $50M ($427M+ total) 4 ground lease transactions ($137M+ volume) RED Awards Off-Market Investment Sales Broker of the Year 2024 & 2025 NYREJ Executive of the Month (July 2014) NYREJ 40 Under 40 Rising Stars Featured in The Real Deal, Commercial Observer, and NYREJ Robert Khodadadian Table of Contents Full Career History & Professional Background Major Transactions & Deal Track Record Ground Lease Expertise Skyline Properties: Company Overview Services & Specializations Press Coverage & Media Recognition Awards & Professional Recognition Frequently Asked Questions Full Career History & Professional Background Robert Khodadadian’s journey in commercial real estate began while studying finance at Pace University’s Lubin School of Business, where he started buying and flipping properties. His entrepreneurial spirit and early start in real estate investment laid the groundwork for what would become a remarkable career spanning over two decades. Education and Early Career (2004-2006) Khodadadian’s professional career took shape under the mentorship of industry legend Bob Knakal at Massey Knakal Realty Services, one of Manhattan’s most prestigious investment sales firms. This foundational training in investment property salesprovided invaluable experience in deal structuring, client relationships, and market analysis. Founding Skyline Properties (2006) In 2006, Khodadadian became licensed in NY/NJ and founded Skyline Properties. Recognizing a gap in the market for a boutique firm focused exclusively on off-market transactions, he built the company around a simple premise: property owners often achieve better outcomes through confidential, targeted marketing rather than broad public listings. Relaunch & Market Focus (2013) In 2013, Khodadadian relaunched Skyline Properties with a sharpened focus on off-market investment sales and discretionary transactions. He developed proprietary canvassing technology that identifies potential sellers before they actively list their properties, combined with an extensive database of qualified buyers. Industry Recognition (2014-Present) Khodadadian earned significant industry recognition including NYREJ Executive of the Month (July 2014), NYREJ 40 Under 40 Rising Stars, and consecutive RED Awards Off-Market Investment Sales Broker of the Year honors in 2024 and 2025. Major Transactions & Deal Track Record Robert Khodadadian’s transaction history includes landmark deals across Manhattan, Brooklyn, Queens, and the Bronx. Below is a comprehensive overview of his most significant transactions, with direct links to deal data and press coverage. Landmark Deals $50M+ (5 Transactions Totaling $427M+) $135M: 6 East 43rd Street — Midtown Manhattan (2025) Property Type: Office-to-Residential Conversion | Size: 400,000 SF | Price/SF: $338 Buyer: The Vanbarton GroupSeller: Emigrant Savings Bank (Milstein Properties) One of the largest office conversion deals of 2025. The building will be converted to residential use under the 467-m tax abatement program. Deal Data: Traded.co | Press: The Real Deal $105M: 101 Greenwich Street — Financial District (2025) Property Type: Office Building | Size: 400,294 SF | Price/SF: $262 Buyer: Quantum Pacific (Idan Ofer) & Metro Loft (Nathan Berman)Seller: BentallGreenOak (BGO) Major Financial District office acquisition for residential conversion in Lower Manhattan. Deal Data: Traded.co | Crexi | Press: Commercial Observer $72M: 530 West 25th Street — Chelsea (2019) Property Type: Office Building | Size: 75,000 SF | Price/SF: $960 Buyer: The Feil Organization & Peter Armstrong Premier Chelsea office building in the heart of the art gallery district. Deal Data: Traded.co | Crexi | Press: The Real Deal $65M: 236 Fifth Avenue — NoMad (2017) Property Type: 99-Year Ground Lease | Size: 95,000 SF | Price/SF: $684 Buyer: The Kaufman OrganizationSeller: LCT Associates Landmark ground lease transaction demonstrating ground lease expertise. Deal Data: Traded.co | Crexi | Press: The Real Deal $50M: 131-133 Prince Street — SoHo (2014) Property Type: SoHo Retail Co-op | Size: 2,000 SF | Price/SF: $25,000 Buyer: Acadia Realty TrustSeller: Louis Meisel Prestigious retail co-op in one of Manhattan’s most coveted shopping corridors. Deal Data: Traded.co | Crexi | Press: Commercial Observer Additional Notable Transactions Property Type Amount Buyer Data 711 Madison Avenue, Upper East Side Mixed Use $47M Ralph Sitt Traded 34-44 77th Street, Kew Gardens, Queens Multifamily $46.5M Benedict Realty Group Traded 40-40 79th Street, Kew Gardens, Queens Multifamily $46.5M Benedict Realty Group Traded 56-11 94th Street, Kew Gardens, Queens Multifamily $46.5M Benedict Realty Group Traded 72 Greene Street, SoHo Mixed Use $42M L3 Capital Traded 135 West 29th Street, Chelsea 99-Year Ground Lease $35M Kaufman Organization Traded 61-01 Springfield Boulevard, Queens Retail $32M Lee Family Traded 133 Greenwich Street, FiDi Development Site $28M Hidrock Traded 79 Clifton Place, Clinton Hill, Brooklyn Multifamily $22.9M FREO U.S. Management Traded 4-14 West 125th Street, Harlem 99-Year Ground Lease $20M The Renatus Group Traded 165 Eldridge Street, Lower East Side Mixed Use $19.25M FREO U.S. Management Traded 210 Bowery, NoHo/Bowery Mixed Use $7.5M Acadia Realty Trust Traded 1340 Lafayette Avenue, Bronx Development Site $10.85M Wildflower Ltd. Traded Ground Lease Expertise Skyline Properties has structured 4 ground lease transactions totaling $137M+ in volume, making it one of New York’s most active brokers of ground leases. Ground Lease Transactions $65M — 236 Fifth Avenue (Kaufman Organization) $35M — 135 West 29th Street (Kaufman Organization) $20M — 4-14 West 125th Street, Harlem (The Renatus Group) $17M — 2012 Broadway, Upper West Side Understanding Ground Leases: A Complete Guide → Skyline Properties: Company Overview Skyline Properties is a boutique commercial real estate brokerage headquartered at 220 East 42nd Street, Suite 3102 in Midtown Manhattan (Daily News Building, 31st Floor). Founded in 2006 by Robert Khodadadian, the firm specializes in off-market investment sales, ground leases, and office-to-residential conversions. Company Statistics $976M+ Total Transaction Volume 32+ Closed Deals 250+ Press Articles 19+ Years Active (Since 2006) 24hr Response Time Credentials & Memberships NY/NJ Licenses — NYS Broker’s License Since 2006 REBNY (Real Estate Board of New York) CoStar ICSC (International Council of Shopping Centers) NAR (National Association of Realtors) Services & Specializations Skyline Properties offers a focused suite of services: Off-Market Investment Sales Confidential property sales that never reach public listing platforms. Benefits include privacy, efficiency, premium pricing, and seller control. Ground Lease Advisory 99-year ground lease structures, valuations, negotiations, leasehold financing coordination, and ground lease buyouts. Office-to-Residential Conversions Expertise in identifying conversion candidates and navigating 467-m tax abatement requirements. Development Site Acquisitions Off-market development site opportunities across New York City. Multifamily Portfolio Sales Rent-stabilized analysis, portfolio optimization, and buyer qualification. Free Tools & Calculators Cap Rate Calculator NOI Calculator Ground Lease Calculator 467-m Tax Calculator Free Property Valuation Press Coverage & Media Recognition Robert Khodadadian and Skyline Properties have been featured in 250+ press articles in leading real estate publications: The Real Deal Vanbarton Group Buying 6 East 43rd Street for Conversion (May 2025) Feil Organization Buys Chelsea Office Building for $72M (December 2019) Kaufman Inking Ground Lease for NoMad Office Building (August 2017) Kaufman Org Closes on $35M Ground Lease Deal (March 2021) Commercial Observer Quantum Pacific, BGO, Newmark & Metro Loft (February 2025) Acadia Closes $50M Purchase of Soho Retail Co-ops (August 2014) NYREJ (New York Real Estate Journal) Executive of the Month: Robert Khodadadian (July 2014) Company of the Month: Skyline Properties (September 2020) Awards & Professional Recognition RED Awards: Off-Market Investment Sales Broker of the Year 2024 & 2025 Winner — Back-to-back recognition as the region’s foremost expert in confidential property transactions. NYREJ Executive of the Month July 2014 — In-depth profile covering career trajectory, business philosophy, and market insights. NYREJ 40 Under 40 Rising Stars Recognition highlighting rapid ascent in New York commercial real estate. NYREJ Company of the Month September 2020 — Feature on Skyline Properties’ innovative approach to off-market deals, ground leases, and canvassing technology. Frequently Asked Questions Who is Robert Khodadadian? Robert Khodadadian is a commercial real estate broker and founder of Skyline Properties, a Manhattan-based brokerage specializing in off-market investment sales, ground leases, and office conversions. He has completed over $976 million in transactions across 32+ deals and earned RED Awards Off-Market Investment Sales Broker of the Year in 2024 and 2025. How do I contact Robert Khodadadian? Office: 220 East 42nd Street, Suite 3102, New York, NY 10017 (Daily News Building, 31st Floor)Phone: (212) 537-9239Email: rk@skylineprp.comWebsite: www.sky-nyc.com What is Skyline Properties? Skyline Properties is a boutique commercial real estate brokerage founded by Robert Khodadadian in 2006. With $976M+ in transaction volume and 32+ closed deals, the firm specializes in off-market transactions, ground leases, office-to-residential conversions, and development site acquisitions across New York City. What are Robert Khodadadian’s biggest transactions? His largest deals include: $135M sale of 6 East 43rd Street to Vanbarton Group; $105M sale of 101 Greenwich Street to Quantum Pacific/Metro Loft; $72M sale of 530 West 25th Street to Feil Organization; $65M ground lease at 236 Fifth Avenueto Kaufman Organization; $50M sale of 131-133 Prince Street to Acadia Realty Trust. What is an off-market real estate transaction? An off-market transaction is a property sale that occurs without public marketing. Property owners choose this approach for privacy, speed, and control. Learn more: What is Off-Market Real Estate? What is a ground lease? A ground lease is a long-term lease (typically 99 years) where a tenant leases land and owns any improvements. Learn more: Ground Leases Explained Conclusion Robert Khodadadian has established himself as one of New York City’s most accomplished commercial real estate brokers, with $976M+ in transactions and 32+ closed deals. Through Skyline Properties, he has pioneered a specialized approach to off-market investment sales, ground leases, and office conversions. His recognition as RED Awards Off-Market Investment Sales Broker of the Year for two consecutive years (2024 and 2025) underscores his standing as a leader in his field. Ready to Discuss Your Property? Robert KhodadadianFounder & CEO, Skyline Properties📍 220 East 42nd Street, Suite 3102New York, NY 10017📞 (212) 537-9239✉️ rk@skylineprp.com🌐 www.sky-nyc.com Published by Skyline Properties | Last Updated: 2025 Related Resources: Robert Khodadadian Profile Skyline Properties Closed Deals Press Coverage Archive Free Property Valuation Contact Robert Khodadadian Skyline Properties220 East 42nd Street, Suite 3102New York, NY 10017(Daily News Building, 31st Floor) Phone: (212) 537-9239Email: rk@skylineprp.comWebsite: www.sky-nyc.com LinkedIn: linkedin.com/in/robertkhodadadianInstagram: @Robert_KhodadadianTwitter/X: @RKhodadadian FOLLOW US! https://twitter.com/RKhodadadian https://www.pinterest.com/R_Khodadadian https://www.instagram.com/skylinepropertiesnyc https://www.facebook.com/skylinepropertiesnyc https://www.tumblr.com/blog/robertkhodadadian https://www.tiktok.com/@skylinepropertiesnyc https://www.youtube.com/@robertkhodadadian8479 https://www.yelp.com/biz/skyline-properties-new-york https://www.linkedin.com/company/skyline-properties—real-estate-investment-services https://mastodon.social/ @skylinenyc https://linktr.ee/khodadadian https://medium.com/@rubbik26 https://skylinepropertiesnyc.blogspot.com https://www.snapchat.com/add/robert_khodadad https://g.page/r/CYIMAMAnQ4w7EBM https://www.reddit.com/r/skylineproperties https://www.threads.com/@skylinepropertiesnyc https://traded.co/company/skyline-properties https://www.crexi.com/profile/robert-khodadadian-robertkhod https://www.instagram.com/Robert_Khodadadian https://www.linkedin.com/in/robertkhodadadian https://www.threads.com/@robert_khodadadian https://www.facebook.com/robert.k.khodadadian https://traded.co/agent/robert-khodadadian About The Owner
In the dynamic world of commercial real estate, understanding the role of key players is essential for making informed investment decisions. Among these players, **skyline commercial properties** stand out as pivotal assets that shape urban landscapes and influence market trends. This article explores the multifaceted role of these properties, providing insights into their significance, management, and impact on investment strategies.
The Significance of Skyline Commercial Properties in Urban Development
Skyline commercial properties are more than just buildings; they are landmarks that define the character and economic vitality of a city. These properties often include high-rise office towers, mixed-use developments, and strategically located commercial spaces that attract businesses and consumers alike.
One of the primary reasons these properties are significant is their ability to concentrate economic activity. For example, a well-positioned office tower in Manhattan can house multiple corporations, creating a hub of commerce and innovation. This concentration not only drives local economies but also enhances the value of surrounding real estate.
Moreover, skyline commercial properties contribute to the aesthetic and functional aspects of urban planning. Their design and placement can influence traffic flow, public transportation accessibility, and pedestrian engagement. Cities like New York have leveraged these properties to create vibrant districts that support both business and community life.
Understanding the Role of Skyline Commercial Properties In the dynamic world of commercial real estate, understanding the role of key players is essential for making informed investment decisions. Among these players, skyline commercial properties stand out as pivotal assets that shape urban landscapes and influence market trends. This article explores the multifaceted role of these properties, providing insights into their significance, management, and impact on investment strategies.
NYC Tax Calculator | Transfer Tax & Closing Costs Free Calculator Tool Robert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — NYC 467-m Tax SavingsCalculator Estimate your potential property tax savings from converting your office building to residential under NYC’s 467-m program. Get instant results
Skyline Properties - New York, NY Skyline Properties is a Manhattan-based commercial real estate brokerage specializing in off-market investment sales across New York City. Built on access, relationships, and execution, we provide sellers with complete discretion and buyers with unparalleled opportunities to acquire valuable assets. With unmatched reach into privately marketed properties throughout Manhattan and the outer boroughs, our team handles a diverse range of asset classes including office buildings, elevator and walk-up apartment buildings, mixed-use properties, development sites, industrial assets, retail, and ground leases. Known for our discretion, agility, and results-driven approach, Skyline Properties continues to grow as the go-to brokerage for investors and owners seeking
Robert Khodadadian: NYC’s Premier Off-Market Commercial Real Estate Broker & Founder of Skyline Properties With over $976 million in transaction volume and 32+ closed deals, Robert Khodadadian has established himself as one of New York City’s most accomplished commercial real estate brokers. As founder and CEO of Skyline Properties, he specializes in off-market investment sales, ground leases, and office-to-residential conversions, delivering exceptional results for investors, developers, and property owners across Manhattan and the outer boroughs. By the Numbers: $976M+ in total transaction volume 32+ closed deals $135M largest single transaction 5 landmark deals over $50M ($427M+ total) 4 ground lease transactions ($137M+ volume) RED Awards Off-Market Investment Sales Broker of the Year 2024 & 2025 NYREJ Executive of the Month (July 2014) NYREJ 40 Under 40 Rising Stars Featured in The Real Deal, Commercial Observer, and NYREJ Robert Khodadadian Table of Contents Full Career History & Professional Background Major Transactions & Deal Track Record Ground Lease Expertise Skyline Properties: Company Overview Services & Specializations Press Coverage & Media Recognition Awards & Professional Recognition Frequently Asked Questions Full Career History & Professional Background Robert Khodadadian’s journey in commercial real estate began while studying finance at Pace University’s Lubin School of Business, where he started buying and flipping properties. His entrepreneurial spirit and early start in real estate investment laid the groundwork for what would become a remarkable career spanning over two decades. Education and Early Career (2004-2006) Khodadadian’s professional career took shape under the mentorship of industry legend Bob Knakal at Massey Knakal Realty Services, one of Manhattan’s most prestigious investment sales firms. This foundational training in investment property salesprovided invaluable experience in deal structuring, client relationships, and market analysis. Founding Skyline Properties (2006) In 2006, Khodadadian became licensed in NY/NJ and founded Skyline Properties. Recognizing a gap in the market for a boutique firm focused exclusively on off-market transactions, he built the company around a simple premise: property owners often achieve better outcomes through confidential, targeted marketing rather than broad public
With over $976 million in transaction volume and 32+ closed deals, Robert Khodadadian has established himself as one of New York City's most accomplished commercial real estate brokers. As founder and CEO of Skyline Properties, he specializes in off-market investment sales, ground leases, and office-to-residential conversions, delivering exceptional results for investors, developers, and property owners across Manhattan and the outer boroughs.
By the Numbers:
$976M+ in total transaction volume
32+ closed deals
$135M largest single transaction
5 landmark deals over $50M ($427M+ total)
4 ground lease transactions ($137M+ volume)
RED Awards Off-Market Investment Sales Broker of the Year 2024 & 2025
NYREJ Executive of the Month (July 2014)
NYREJ 40 Under 40 Rising Stars
Featured in The Real Deal, Commercial Observer, and NYREJ
Robert Khodadadian
Table of Contents
Full Career History & Professional Background
Major Transactions & Deal Track Record
Ground Lease Expertise
Skyline Properties: Company Overview
Services & Specializations
Press Coverage & Media Recognition
Awards & Professional Recognition
Frequently Asked Questions
Full Career History & Professional Background
Robert Khodadadian's journey in commercial real estate began while studying finance at Pace University's Lubin School of Business, where he started buying and flipping properties. His entrepreneurial spirit and early start in real estate investment laid the groundwork for what would become a remarkable career spanning over two decades.
Education and Early Career (2004-2006)
Khodadadian's professional career took shape under the mentorship of industry legend Bob Knakal at Massey Knakal Realty Services, one of Manhattan's most prestigious investment sales firms. This foundational training in investment property salesprovided invaluable experience in deal structuring, client relationships, and market analysis.
Founding Skyline Properties (2006)
In 2006, Khodadadian became licensed in NY/NJ and founded Skyline Properties. Recognizing a gap in the market for a boutique firm focused exclusively on off-market transactions, he built the company around a simple premise: property owners often achieve better outcomes through confidential, targeted marketing rather than broad public listings.
Relaunch & Market Focus (2013)
In 2013, Khodadadian relaunched Skyline Properties with a sharpened focus on off-market investment sales and discretionary transactions. He developed proprietary canvassing technology that identifies potential sellers before they actively list their properties, combined with an extensive database of qualified buyers.
Industry Recognition (2014-Present)
Khodadadian earned significant industry recognition including NYREJ Executive of the Month (July 2014), NYREJ 40 Under 40 Rising Stars, and consecutive RED Awards Off-Market Investment Sales Broker of the Year honors in 2024 and 2025.
Major Transactions & Deal Track Record
Robert Khodadadian's transaction history includes landmark deals across Manhattan, Brooklyn, Queens, and the Bronx. Below is a comprehensive overview of his most significant transactions, with direct links to deal data and press coverage.
Landmark Deals $50M+ (5 Transactions Totaling $427M+)
$135M: 6 East 43rd Street — Midtown Manhattan (2025)
Property Type: Office-to-Residential Conversion | Size: 400,000 SF | Price/SF: $338
Buyer: The Vanbarton GroupSeller: Emigrant Savings Bank (Milstein Properties)
One of the largest office conversion deals of 2025. The building will be converted to residential use under the 467-m tax abatement program.
Deal Data: Traded.co | Press: The Real Deal
$105M: 101 Greenwich Street — Financial District (2025)
Property Type: Office Building | Size: 400,294 SF | Price/SF: $262
Buyer: Quantum Pacific (Idan Ofer) & Metro Loft (Nathan Berman)Seller: BentallGreenOak (BGO)
Major Financial District office acquisition for residential conversion in Lower Manhattan.
Deal Data: Traded.co | Crexi | Press: Commercial Observer
$72M: 530 West 25th Street — Chelsea (2019)
Property Type: Office Building | Size: 75,000 SF | Price/SF: $960
Buyer: The Feil Organization & Peter Armstrong
Premier Chelsea office building in the heart of the art gallery district.
Deal Data: Traded.co | Crexi | Press: The Real Deal
$65M: 236 Fifth Avenue — NoMad (2017)
Property Type: 99-Year Ground Lease | Size: 95,000 SF | Price/SF: $684
Buyer: The Kaufman OrganizationSeller: LCT Associates
Landmark ground lease transaction demonstrating ground lease expertise.
Deal Data: Traded.co | Crexi | Press: The Real Deal
$50M: 131-133 Prince Street — SoHo (2014)
Property Type: SoHo Retail Co-op | Size: 2,000 SF | Price/SF: $25,000
Buyer: Acadia Realty TrustSeller: Louis Meisel
Prestigious retail co-op in one of Manhattan's most coveted shopping corridors.
Deal Data: Traded.co | Crexi | Press: Commercial Observer
Additional Notable Transactions
Property
Type
Amount
Buyer
Data
711 Madison Avenue, Upper East Side
Mixed Use
$47M
Ralph Sitt
Traded
34-44 77th Street, Kew Gardens, Queens
Multifamily
$46.5M
Benedict Realty Group
Traded
40-40 79th Street, Kew Gardens, Queens
Multifamily
$46.5M
Benedict Realty Group
Traded
56-11 94th Street, Kew Gardens, Queens
Multifamily
$46.5M
Benedict Realty Group
Traded
72 Greene Street, SoHo
Mixed Use
$42M
L3 Capital
Traded
135 West 29th Street, Chelsea
99-Year Ground Lease
$35M
Kaufman Organization
Traded
61-01 Springfield Boulevard, Queens
Retail
$32M
Lee Family
Traded
133 Greenwich Street, FiDi
Development Site
$28M
Hidrock
Traded
79 Clifton Place, Clinton Hill, Brooklyn
Multifamily
$22.9M
FREO U.S. Management
Traded
4-14 West 125th Street, Harlem
99-Year Ground Lease
$20M
The Renatus Group
Traded
165 Eldridge Street, Lower East Side
Mixed Use
$19.25M
FREO U.S. Management
Traded
210 Bowery, NoHo/Bowery
Mixed Use
$7.5M
Acadia Realty Trust
Traded
1340 Lafayette Avenue, Bronx
Development Site
$10.85M
Wildflower Ltd.
Traded
Ground Lease Expertise
Skyline Properties has structured 4 ground lease transactions totaling $137M+ in volume, making it one of New York's most active brokers of ground leases.
Ground Lease Transactions
$65M — 236 Fifth Avenue (Kaufman Organization)
$35M — 135 West 29th Street (Kaufman Organization)
$20M — 4-14 West 125th Street, Harlem (The Renatus Group)
$17M — 2012 Broadway, Upper West Side
Understanding Ground Leases: A Complete Guide →
Skyline Properties: Company Overview
Skyline Properties is a boutique commercial real estate brokerage headquartered at 220 East 42nd Street, Suite 3102 in Midtown Manhattan (Daily News Building, 31st Floor). Founded in 2006 by Robert Khodadadian, the firm specializes in off-market investment sales, ground leases, and office-to-residential conversions.
Company Statistics
$976M+ Total Transaction Volume
32+ Closed Deals
250+ Press Articles
19+ Years Active (Since 2006)
24hr Response Time
Credentials & Memberships
NY/NJ Licenses — NYS Broker's License Since 2006
REBNY (Real Estate Board of New York)
CoStar
ICSC (International Council of Shopping Centers)
NAR (National Association of Realtors)
Services & Specializations
Skyline Properties offers a focused suite of services:
Off-Market Investment Sales
Confidential property sales that never reach public listing platforms. Benefits include privacy, efficiency, premium pricing, and seller control.
Ground Lease Advisory
99-year ground lease structures, valuations, negotiations, leasehold financing coordination, and ground lease buyouts.
Office-to-Residential Conversions
Expertise in identifying conversion candidates and navigating 467-m tax abatement requirements.
Development Site Acquisitions
Off-market development site opportunities across New York City.
Multifamily Portfolio Sales
Rent-stabilized analysis, portfolio optimization, and buyer qualification.
Free Tools & Calculators
Cap Rate Calculator
NOI Calculator
Ground Lease Calculator
467-m Tax Calculator
Free Property Valuation
Press Coverage & Media Recognition
Robert Khodadadian and Skyline Properties have been featured in 250+ press articles in leading real estate publications:
The Real Deal
Vanbarton Group Buying 6 East 43rd Street for Conversion (May 2025)
Feil Organization Buys Chelsea Office Building for $72M (December 2019)
Kaufman Inking Ground Lease for NoMad Office Building (August 2017)
Kaufman Org Closes on $35M Ground Lease Deal (March 2021)
Commercial Observer
Quantum Pacific, BGO, Newmark & Metro Loft (February 2025)
Acadia Closes $50M Purchase of Soho Retail Co-ops (August 2014)
NYREJ (New York Real Estate Journal)
Executive of the Month: Robert Khodadadian (July 2014)
Company of the Month: Skyline Properties (September 2020)
Awards & Professional Recognition
RED Awards: Off-Market Investment Sales Broker of the Year
2024 & 2025 Winner — Back-to-back recognition as the region's foremost expert in confidential property transactions.
NYREJ Executive of the Month
July 2014 — In-depth profile covering career trajectory, business philosophy, and market insights.
NYREJ 40 Under 40 Rising Stars
Recognition highlighting rapid ascent in New York commercial real estate.
NYREJ Company of the Month
September 2020 — Feature on Skyline Properties' innovative approach to off-market deals, ground leases, and canvassing technology.
Frequently Asked Questions
Who is Robert Khodadadian?
Robert Khodadadian is a commercial real estate broker and founder of Skyline Properties, a Manhattan-based brokerage specializing in off-market investment sales, ground leases, and office conversions. He has completed over $976 million in transactions across 32+ deals and earned RED Awards Off-Market Investment Sales Broker of the Year in 2024 and 2025.
How do I contact Robert Khodadadian?
Office: 220 East 42nd Street, Suite 3102, New York, NY 10017 (Daily News Building, 31st Floor)Phone: (212) 537-9239Email: rk@skylineprp.comWebsite: www.sky-nyc.com
What is Skyline Properties?
Skyline Properties is a boutique commercial real estate brokerage founded by Robert Khodadadian in 2006. With $976M+ in transaction volume and 32+ closed deals, the firm specializes in off-market transactions, ground leases, office-to-residential conversions, and development site acquisitions across New York City.
What are Robert Khodadadian's biggest transactions?
His largest deals include: $135M sale of 6 East 43rd Street to Vanbarton Group; $105M sale of 101 Greenwich Street to Quantum Pacific/Metro Loft; $72M sale of 530 West 25th Street to Feil Organization; $65M ground lease at 236 Fifth Avenueto Kaufman Organization; $50M sale of 131-133 Prince Street to Acadia Realty Trust.
What is an off-market real estate transaction?
An off-market transaction is a property sale that occurs without public marketing. Property owners choose this approach for privacy, speed, and control. Learn more: What is Off-Market Real Estate?
What is a ground lease?
A ground lease is a long-term lease (typically 99 years) where a tenant leases land and owns any improvements. Learn more: Ground Leases Explained
Conclusion
Robert Khodadadian has established himself as one of New York City's most accomplished commercial real estate brokers, with $976M+ in transactions and 32+ closed deals. Through Skyline Properties, he has pioneered a specialized approach to off-market investment sales, ground leases, and office conversions.
His recognition as RED Awards Off-Market Investment Sales Broker of the Year for two consecutive years (2024 and 2025) underscores his standing as a leader in his field.
Ready to Discuss Your Property?
Robert KhodadadianFounder & CEO, Skyline Properties📍 220 East 42nd Street, Suite 3102New York, NY 10017📞 (212) 537-9239✉️ rk@skylineprp.com🌐 www.sky-nyc.com
Published by Skyline Properties | Last Updated: 2025
Related Resources:
Robert Khodadadian Profile
Skyline Properties Closed Deals
Press Coverage Archive
Free Property Valuation
Robert Khodadadian: NYC’s Premier Off-Market Commercial Real Estate Broker & Founder of Skyline Properties With over $976 million in transaction volume and 32+ closed deals, Robert Khodadadian has established himself as one of New York City’s most accomplished commercial real estate brokers. As founder and CEO of Skyline Properties, he specializes in off-market investment sales, ground leases, and office-to-residential conversions, delivering exceptional results for investors, developers, and property owners across Manhattan and the outer boroughs. By the Numbers: $976M+ in total transaction volume 32+ closed deals $135M largest single transaction 5 landmark deals over $50M ($427M+ total) 4 ground lease transactions ($137M+ volume) RED Awards Off-Market Investment Sales Broker of the Year 2024 & 2025 NYREJ Executive of the Month (July 2014) NYREJ 40 Under 40 Rising Stars Featured in The Real Deal, Commercial Observer, and NYREJ
The ideal candidate for office-to-residential conversion - by Robert Khodadadian A perfect example of overcoming these challenges is the conversion of 180 Water St. in lower Manhattan. Originally built in 1971 as an office building, it was transformed into residential apartments in 2017. The building’s large open floors, with windowless cores extending up to 72 ft., seemed unsuitable for residential use at first. However, the architect devised a creative solution: carving out a 1,200 s/f courtyard in the building’s center. This allowed for apartments along both the exterior walls and the new inner courtyard, optimizing natural light while staying compliant with residential codes. To offset the loss of floor space, the developer added four new floors and amenities on the rooftop, maintaining the floor area ratio (FAR) without expanding the building’s footprint. While the 180 Water St. conversion was a success, it’s not easily replicable. Zoning restrictions in many districts make such projects difficult, and financial costs can be steep. To make office-to-residential conversions more viable, changes to zoning regulations and the Multiple Dwelling Law (MDL) are necessary. Eliminating the FAR cap and allowing newer buildings to qualify for conversion would open up more opportunities. Additionally, financial incentives like tax abatements and subsidies are essential to make these projects financially feasible for developers.
A perfect example of overcoming these challenges is the conversion of 180 Water St. in lower Manhattan. Originally built in 1971 as an office building, it was transformed into residential apartments in 2017. The building’s large open floors, with windowless cores extending up to 72 ft., seemed unsuitable for residential use at first. However, the architect devised a creative solution: carving out a 1,200 s/f courtyard in the building’s center. This allowed for apartments along both the exterior walls and the new inner courtyard, optimizing natural light while staying compliant with residential codes. To offset the loss of floor space, the developer added four new floors and amenities on the rooftop, maintaining the floor area ratio (FAR) without expanding the building’s footprint.
While the 180 Water St. conversion was a success, it’s not easily replicable. Zoning restrictions in many districts make such projects difficult, and financial costs can be steep. To make office-to-residential conversions more viable, changes to zoning regulations and the Multiple Dwelling Law (MDL) are necessary. Eliminating the FAR cap and allowing newer buildings to qualify for conversion would open up more opportunities. Additionally, financial incentives like tax abatements and subsidies are essential to make these projects financially feasible for developers.
In 2025, Robert Khodadadian and Daniel Shirazi, with Skyline Properties, closed deals totaling$181.5 million in transaction volume.
Notable deals included the off-market $135-million sale of 6 E. 43rd Street; Emigrant Savings Bank was the seller, and Vanbarton Group was the buyer. Khodadadian and Shirazi also spearheaded a three-
uilding, 433-unit apartment portfolio for$46.5 million, sold by Align Management to Benedict Realty Group in an off-market deal.
These are some of the reasons we selected Robert Khodadadian and Daniel Shirazi as Connect CRE’s New York & Tri-State Top Broker Award winners for 2026. These awards recognize industry professionals who have demonstrated the highest standards and transaction volumes in investment sales and leasing.
Additonal Winners:
Berkadia NJ - CBRE - Avison Young - BASE Realty - Levin Management
Marcus **&** Millichap - RIPCO - Cushman **&** Wakefield - Ariel Property Advisors
Skyline’s Robert Khodadadian and Daniel Shirazi Generate Over $181 Million in Sales- Skyline Properties In 2025, Robert Khodadadian and Daniel Shirazi, with Skyline Properties, closed deals totaling$181.5 million in transaction volume. Notable deals included the off-market $135-million sale of 6 E. 43rd Street; Emigrant Savings Bank was the seller, and Vanbarton Group was the buyer. Khodadadian and Shirazi also spearheaded a three- uilding, 433-unit apartment portfolio for$46.5 million, sold by Align Management to Benedict Realty Group in an off-market deal. These are some of the reasons we selected Robert Khodadadian and Daniel Shirazi as Connect CRE’s New York & Tri-State Top Broker Award winners for 2026. These awards recognize industry professionals who have demonstrated the highest standards and transaction volumes in investment sales and leasing. Additonal Winners: Berkadia NJ - CBRE - Avison Young - BASE Realty - Levin Management Marcus & Millichap - RIPCO - Cushman & Wakefield - Ariel Property Advisors
Skyline’s Robert Khodadadian and Daniel Shirazi Generate Over $181 Million in Sales
Company: Skyline Properties
In 2025, Robert Khodadadian and Daniel Shirazi, with Skyline Properties, closed deals totaling $181.5 million in transaction volume.
Notable deals included the off-market $135-million sale of 6 E. 43rd Street; Emigrant Savings Bank was the seller, and Vanbarton Group was the buyer. Khodadadian and Shirazi also spearheaded a three-building, 433-unit apartment portfolio for $46.5 million, sold by Align Management to Benedict Realty Group in an off-market deal.
These are some of the reasons we selected Robert Khodadadian and Daniel Shirazi as Connect CRE’s New York & Tri-State Top Broker Award winners for 2026. These awards recognize industry professionals who have demonstrated the highest standards and transaction volumes in investment sales and leasing.
The Cupid Problem - Think about what this actually means. One investor looks at a building and sees a nightmare: deferred maintenance, difficult tenants, a location that doesn’t fit their portfolio, or a capital structure that doesn’t pencil. They will lowball or walk away entirely. Another investor looks at the exact same building and sees gold. They see the bones of a residential conversion, the corner lot that makes an assemblage possible, or the ground lease that fits perfectly into their tax strategy. They see the neighborhood five years from now instead of today. The building didn’t change; the buyer’s vision did.
The exclusive listing myth: Why Manhattan’s biggest deals don’t need gatekeepers - by Robert Khodadadian The Cupid Problem - Think about what this actually means. One investor looks at a building and sees a nightmare: deferred maintenance, difficult tenants, a location that doesn’t fit their portfolio, or a capital structure that doesn’t pencil. They will lowball or walk away entirely. Another investor looks at the exact same building and sees gold. They see the bones of a residential conversion, the corner lot that makes an assemblage possible, or the ground lease that fits perfectly into their tax strategy. They see the neighborhood five years from now instead of today. The building didn’t change; the buyer’s vision did.
Skyline Properties Leadership Rooted in Expertise and Vision At the helm of Skyline Properties NYC is Robert Khodadadian, Founder and CEO, whose 20+ years of experience in commercial real estate is the backbone of the company’s success. Robert is widely recognized for his expertise in off-market transactions, ground leases, and complex property deals that require discretion and deep market connections. His track record of brokering high-value commercial deals in Manhattan and throughout the boroughs reflects his intimate understanding of New York’s unique real estate ecosystem. Learn more about Robert Khodadadian. Complementing Robert’s leadership is Daniel Shirazi, Vice President, who brings a sharp analytical approach and an extensive network across New York’s commercial property sectors. Daniel’s strategic insights and commitment to personalized client service further enhance Skyline Properties NYC’s reputation for excellence. Discover Daniel Shirazi’s role and expertise. Proven Track Record of High-Profile Transactions Skyline Properties NYC’s focus on off-market transactions and tailored canvassing techniques has led to a series of significant deals across Manhattan and the surrounding boroughs. Below are some of the firm’s recent high-profile transactions exceeding $40 million, demonstrating a command of both Manhattan core assets and emerging outer-borough submarkets: 101 Greenwich Street — $105,000,000 / 400,000 SF Office Represented Quantum Pacific in its acquisition from BGO. 6 East 43rd Street — $140,000,000 / 400,000 SF Office Facilitated the sale from Emigrant Savings Bank to The Vanbarton Group. 530 West 25th Street — $72,000,000 / 75,000 SF Office Closed with Feil Organization in Chelsea. 236 Fifth Avenue — $65,000,000 / 95,000 SF Ground Lease Represented the seller in a 99-year ground lease to The Kaufman Organization. 131-133 Prince Street — $50,000,000 / 2,000 SF Retail Co-op Negotiated between Acadia Realty Trust and Lou Meisel in SoHo. 711 Madison Avenue — $47,000,000 / 10,000 SF Mixed-Use Brokered deal between Ziggy Rutan and Ralph Sitt. 72 Greene Street — $42,000,000 / 48,000 SF Mixed-Use Sold to L3 Capital from Centrum Properties. Queens Multifamily Portfolio (3 Assets) — $46,500,000 Each Represented Algin in the sale to BRG of: • 34-44 77th Street (104,000 SF) • 40-40 79th Street (176,480 SF) • 56-11 94th Street (108,120 SF) *Explore more featured transactions Here
Leadership Rooted in Expertise and Vision
At the helm of Skyline Properties NYC is Robert Khodadadian, Founder and CEO, whose 20+ years of experience in commercial real estate is the backbone of the company’s success. Robert is widely recognized for his expertise in off-market transactions, ground leases, and complex property deals that require discretion and deep market connections. His track record of brokering high-value commercial deals in Manhattan and throughout the boroughs reflects his intimate understanding of New York’s unique real estate ecosystem. Learn more about Robert Khodadadian.
Complementing Robert’s leadership is Daniel Shirazi, Vice President, who brings a sharp analytical approach and an extensive network across New York’s commercial property sectors. Daniel’s strategic insights and commitment to personalized client service further enhance Skyline Properties NYC’s reputation for excellence. Discover Daniel Shirazi’s role and expertise.
Proven Track Record of High-Profile Transactions
Skyline Properties NYC’s focus on off-market transactions and tailored canvassing techniques has led to a series of significant deals across Manhattan and the surrounding boroughs. Below are some of the firm’s recent high-profile transactions exceeding $40 million, demonstrating a command of both Manhattan core assets and emerging outer-borough submarkets:
101 Greenwich Street — $105,000,000 / 400,000 SF Office
Represented Quantum Pacific in its acquisition from BGO.
6 East 43rd Street — $140,000,000 / 400,000 SF Office
Facilitated the sale from Emigrant Savings Bank to The Vanbarton Group.
530 West 25th Street — $72,000,000 / 75,000 SF Office
Closed with Feil Organization in Chelsea.
236 Fifth Avenue — $65,000,000 / 95,000 SF Ground Lease
Represented the seller in a 99-year ground lease to The Kaufman Organization.
131-133 Prince Street — $50,000,000 / 2,000 SF Retail Co-op
Negotiated between Acadia Realty Trust and Lou Meisel in SoHo.
711 Madison Avenue — $47,000,000 / 10,000 SF Mixed-Use
Brokered deal between Ziggy Rutan and Ralph Sitt.
72 Greene Street — $42,000,000 / 48,000 SF Mixed-Use
Sold to L3 Capital from Centrum Properties.
Queens Multifamily Portfolio (3 Assets) — $46,500,000 Each
Represented Algin in the sale to BRG of:
• 34-44 77th Street (104,000 SF)
• 40-40 79th Street (176,480 SF)
• 56-11 94th Street (108,120 SF)
\*Explore more featured transactions Here
Skyline Properties NYC: A Distinct Leader in New York Commercial Real Estate- Skyline Properties Leadership Rooted in Expertise and Vision At the helm of Skyline Properties NYC is Robert Khodadadian, Founder and CEO, whose 20+ years of experience in commercial real estate is the backbone of the company’s success. Robert is widely recognized for his expertise in off-market transactions, ground leases, and complex property deals that require discretion and deep market connections. His track record of brokering high-value commercial deals in Manhattan and throughout the boroughs reflects his intimate understanding of New York’s unique real estate ecosystem. Learn more about Robert Khodadadian. Complementing Robert’s leadership is Daniel Shirazi, Vice President, who brings a sharp analytical approach and an extensive network across New York’s commercial property sectors. Daniel’s strategic insights and commitment to personalized client service further enhance Skyline Properties NYC’s reputation for excellence. Discover Daniel Shirazi’s role and expertise. Proven Track Record of High-Profile Transactions Skyline Properties NYC’s focus on off-market transactions and tailored canvassing techniques has led to a series of significant deals across Manhattan and the surrounding boroughs. Below are some of the firm’s recent high-profile transactions exceeding $40 million, demonstrating a command of both Manhattan core assets and emerging outer-borough submarkets: 101 Greenwich Street — $105,000,000 / 400,000 SF Office Represented Quantum Pacific in its acquisition from BGO. 6 East 43rd Street — $140,000,000 / 400,000 SF Office Facilitated the sale from Emigrant Savings Bank to The Vanbarton Group. 530 West 25th Street — $72,000,000 / 75,000 SF Office Closed with Feil Organization in Chelsea. 236 Fifth Avenue — $65,000,000 / 95,000 SF Ground Lease Represented the seller in a 99-year ground lease to The Kaufman Organization. 131-133 Prince Street — $50,000,000 / 2,000 SF Retail Co-op Negotiated between Acadia Realty Trust and Lou Meisel in SoHo. 711 Madison Avenue — $47,000,000 / 10,000 SF Mixed-Use Brokered deal between Ziggy Rutan and Ralph Sitt. 72 Greene Street — $42,000,000 / 48,000 SF Mixed-Use Sold to L3 Capital from Centrum Properties. Queens Multifamily Portfolio (3 Assets) — $46,500,000 Each Represented Algin in the sale to BRG of: • 34-44 77th Street (104,000 SF) • 40-40 79th Street (176,480 SF) • 56-11 94th Street (108,120 SF) *Explore more featured transactions Here
The exclusive listing myth: Why Manhattan’s biggest deals don’t need gatekeepers - by Robert Khodadadian
Robert Khodadadian
Last month, a 26-story office tower in Manhattan’s Financial District closed for $105 million. The building had traded nearly a decade earlier for $225 million, after which the sellers poured another $70 million into gut renovations. By any traditional calculation, they were staring at a catastrophic loss nearly $200 million evaporated into the New York skyline.
But here is what nobody wrote about: the deal didn’t happen through an exclusive listing. There was no glossy offering memorandum, no controlled auction, and no six-month “process.” The building at 101 Greenwich St. never hit a listing platform; it sold because someone reached the right buyer, the one person who looked at a distressed office tower and saw what others didn’t. The buyer, Idan Ofer, partnered with Nathan Berman of Metro Loft, who has converted more than eight million s/f of office space into residential
Khodadadian — NYC Commercial Real Estate — CurrentlySeeking
Active acquisition requirements from qualified institutional investors, family offices, and private equity firms in our buyer network. If your property matches, we have real buyers ready to move.
Note: Buyer identities are confidential. Requirements shown are anonymized summaries of active mandates. Contact us to discuss specific opportunities.
In the fast-paced and complex world of New York City commercial real estate, standing out requires more than just experience—it demands deep market knowledge, a personalized approach, and a clear, unmistakable brand identity. Skyline Properties NYC, operating through skylineprp.com, has carved its own unique space, differentiating itself
My Broker's Keeper & Preylock's NYC Prey
Park Ave Plaza chatter, more agency licenses in play, plus: testing the fiduciary
Hiten Samtani
Hiten Samtani
Feb 27, 2026
My Broker’s Keeper
Who is a broker really a fiduciary for?
A trio of intriguing broker-drama stories in NYC that are worth looking at collectively. First, it’s unclear what someone slipped into Bob Knakal’s 🥃 on NYE, but he’s entered ‘26 in a spicy mood: Armed w/ the August pages of CO, he’s showing a willingness to call out his big-box counterparts; first characterizing the large firms’ touting of their global footprint advantage as “largely fiction,” and now taking aim at what he claims are the inherent conflicts of interest in being a full-service shop, i.e. one that not only sells properties, but provides leasing/financing/PM/etc. “When a development site or investment property trades, the sales commission is often the smallest economic component
Last month, a 26-story office tower in Manhattan's Financial District closed for $105 million. The building had traded nearly a decade earlier for $225 million, after which the sellers poured another $70 million into gut renovations. By any traditional calculation, they were staring at a catastrophic loss nearly $200 million evaporated into the New York skyline.
But here is what nobody wrote about: the deal didn’t happen through an exclusive listing. There was no glossy offering memorandum, no controlled auction, and no six-month “process.” The building at 101 Greenwich Street never hit a listing platform; it sold because someone reached the right buyer, the one person who looked at a distressed office tower and saw what others didn’t. The buyer, Idan Ofer, partnered with Nathan Berman of Metro Loft, who has converted more than 8 million square feet of office space into residential.
The deal closed because the right buyer was found, a fact that challenges how the commercial real estate industry has operated for decades.
The unstated truth about $100+ million transactions is that finding a buyer is not difficult. Manhattan is drowning in capital; sovereign wealth funds maintain permanent teams in Midtown, and family offices move with conviction. In 2023, foreign investors accounted for over 32% of New York City investment activity the highest level since 2019 with Manhattan attracting nearly 20% of all foreign capital flowing into U.S. commercial real estate.
Access is not the scarce resource. Assets are. So, if finding buyers isn’t the challenge, what is? Finding the right buyer.
The Cupid Problem - Think about what this actually means. One investor looks at a building and sees a nightmare: deferred maintenance, difficult tenants, a location that doesn’t fit their portfolio, or a capital structure that doesn’t pencil. They will lowball or walk away entirely. Another investor looks at the exact same building and sees gold. They see the bones of a residential conversion, the corner lot that makes an assemblage possible, or the ground lease that fits perfectly into their tax strategy. They see the neighborhood five years from now instead of today. The building didn’t change; the buyer’s vision did.
This is why commercial real estate at the highest level isn’t really about “selling” at all. It’s about matchmaking. Call it the "Cupid problem": your job isn’t to convince someone to love what you’re selling. Your job is to find the person who already loves it.
The moment you find that match, the market speaks for itself regarding pricing. In Manhattan, at $100+ million and above, there is a beautiful and brutal reality that strips away the noise: nobody steals anything, and nobody overpays. The market speaks, but what the market says depends entirely on who is listening.
The Gatekeeper Incentive - Now bring this back to exclusive listings. If the whole game is finding the perfect match the one buyer who sees your building the way you need them to see it so what does an exclusive listing actually do? It restricts who gets to look.
Often, an exclusive broker may choose a buyer not because they are the strongest candidate or willing to pay the most, but because the broker can finance the deal internally or plans to resell it within their own network. These incentives can quietly shape the outcome.
This isn’t about running a "cattle call" or blasting every investor on earth with an offering memorandum that is the opposite of what sophisticated sellers need. It is about reach without noise, access without chaos, and discretion without restriction. It is about making sure that when the market speaks, everyone who should hear the question actually hears it.
The exclusive model doesn’t just fail to find the right buyer. It’s structurally designed to prevent finding the right buyer. That’s not a bug for the brokerages running exclusives it’s a feature.
Here is the part nobody in the industry wants to discuss openly: when a brokerage controls a listing exclusively, they control who sees it. They control the narrative, the timeline, and the flow of information. They determine which buyers get a seat at the table and which never know the opportunity exists. Crucially, when that same brokerage brings an internal buyer, they often earn double the compensation. Even witho
The exclusive listing myth: Why Manhattan’s biggest deals don’t need gatekeepers - by Robert Khodadadian
Last month, a 26-story office tower in Manhattan’s Financial District closed for $105 million. The building had traded nearly a decade earlier for $225 million, after which the sellers poured another $70 million into gut renovations. By any traditional calculation, they were staring at a catastrophic loss nearly $200 million evaporated into the New York skyline.
But here is what nobody wrote about: the deal didn’t happen through an exclusive listing. There was no glossy offering memorandum, no controlled auction, and no six-month “process.” The building at 101 Greenwich St. never hit a listing platform; it sold because someone reached the right buyer, the one person who looked at a distressed office tower and saw what others didn’t. The buyer, Idan Ofer, partnered with Nathan Berman of Metro Loft, who has converted more than eight million s/f of office space into residential.
The deal closed because the right buyer was found, a fact that challenges how the commercial real estate industry has operated for decades.
The unstated truth about $100+ million transactions is that finding a buyer is not difficult. Manhattan is drowning in capital; sovereign wealth funds maintain permanent teams in Midtown, and family offices move with conviction. In 2023, foreign investors accounted for over 32% of New York City investment activity the highest level since 2019 with Manhattan attracting nearly 20% of all foreign capital flowing into U.S. commercial real estate.
Access is not the scarce resource. Assets are. So, if finding buyers isn’t the challenge, what is? Finding the right buyer.
The Conversion Opportunity
Manhattan's office market transformation presents unprecedented opportunities for investors and developers. With remote work reshaping demand, Class B and C office buildings in prime locations are ideal candidates for residential conversion.
New York City's 467-m tax abatement program provides significant incentives for qualifying conversions, offering property tax benefits for up to 35 years. Combined with strong residential demand, these projects can generate substantial returns.
Robert Khodadadian has been featured in NYREJ discussing "The Ideal Candidate for Office to Residential Conversion" - identifying key factors that determine conversion viability and success.
A Legacy of Excellence
Robert Khodadadian founded Skyline Properties in 2006 with a vision to transform how commercial real estate transactions are conducted in Manhattan. His commitment to discretion, market expertise, and client service has established him as the go-to broker for confidential off-market transactions.
With over $976 million in documented transactions, Robert has built an unparalleled network of investors, developers, and property owners throughout New York City. His expertise in ground leases, office-to-residential conversions, and investment sales has earned him recognition from the industry's most prestigious publications.
Robert's approach combines deep market knowledge with a commitment to finding the optimal outcome for every client. Whether representing buyers or sellers, his focus on off-market opportunities provides clients with access to deals unavailable through traditional channels