28 posts about Development Sites from across Skyline's social platforms and curated industry sources.
<![CDATA[Yonkers, NY Arrow Real Estate Advisors arranged an $11.75 million land refinance on behalf of AMS Acquisitions for Teutonia Hall, a fully entitled mixed-use development site located at 41–65 Buena Vista Ave. The financing was arranged by Arrow’s Morris Betesh, Alex Ba]]>
View on RSS →<![CDATA[Tishman Speyer has sealed $214 million of construction financing to develop a 100 percent affordable housing property in Far Rockaway, Queens, Commercial Observer has learned. Capital One closed a $96.2 million letter of credit to backstop a loan provided by the New York City Housing Development Corporation (HDC) to support construction of the 300-unit Edgemere […]]]>
View on RSS →<![CDATA[Last week, I received calls from two property owners I had never met before. One assignment is a $15 million air rights sale. The other is a $40 million to $50 million development site. Neither owner came through a referral. Neither came through another broker. Neither came through a networking event, a conference, a direct […]]]>
View on RSS →<![CDATA[ Yonkers, NY Rand Commercial negotiated the June 12, 2026 sale of an 11,000 s/f retail assemblage at 245, 247, 251, and 253 S]]>
View on RSS →<![CDATA[Housing developer Vilson Lumaj has purchased a vacant property in the Bronx to build two 99-unit residential buildings, Commercial Observer has learned. The property at 761-769 East Tremont Avenue was sold for $10 million by real estate developer Yoram Eliyahu. The buyer also acquired 60,000 square feet of air rights above the property for $3.5 […]]]>
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<![CDATA[For decades, transit-oriented development has been the urbanist answer to two of America’s biggest headaches: housing shortages and traffic congestion. The strategy has gained real traction, but a national analysis suggests the country is still building far more homes around cars than trains and buses. Nearly 67 million housing units — about 45 percent of the nation’s housing stock — were located within a half-mile of transit stops in 2022, according to an Urban Institute analysis highlighted by Bloomberg CityLab. That marks a 36 percent increase over the last two decades and reflects years of state and local efforts to […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on RSS →Why Owners and Buyers Work With Skyline Properties: Discretion, Customized Canvassing, Investor Lists and NYC Commercial Real Estate Executi Owners and buyers work with Skyline Properties for a simple reason: New York City commercial real estate is not just about exposure. It is about knowing who should see an opportunity, who should not, when to create competition, when to preserve confidentiality and how to move from interest to execution without wasting time. Robert Khodadadian’s platform at Skyline Properties is built around discretion, customized canvassing, investor intelligence, off-market outreach and transaction proof. That combination matters for owners considering a sale, buyers looking for off-market opportunities and investors trying to understand where real deal flow is happening. For Sellers: Confidentiality and Control A seller does not always benefit from a loud process. Public marketing can create tenant concerns, lender questions, employee noise, competitor attention and unnecessary disruption. Skyline’s off-market model is designed to give owners a way to evaluate demand while controlling who receives information and when. For Buyers: Targeted Opportunity Access Buyers work with Skyline because the firm’s model is built around matching acquisition criteria to ownership situations. A buyer looking for a conversion asset, ground lease, multifamily portfolio, retail corridor, development site or mixed-use property does not need every listing in the city. The buyer needs the right opportunity at the right time.
View on Tumblr →<![CDATA[Prologis has paid $352.2 million for an almost fully leased warehouse campus in Broward County, making it South Florida’s biggest industrial sale so far this year. The seven-building property, called Davie Business Center, totals 1.15 million square feet near the intersection between the Florida Turnpike and Interstate 595 at 3300 and 3380 Davie Road, the […]]]>
View on RSS →Off-Market Commercial Real Estate NYC | Robert Khodadadian | Skyline Properties Skyline Properties Manhattan’s Premier Off-Market Investment Sales Brokerage 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 strategic, off-market real estate opportunities in New York City
View on Tumblr →<![CDATA[The apple doesn’t fall far from the tree, especially for Bill Gates. Phoebe Gates, the Microsoft co-founder’s youngest daughter, started a tech firm of her own — along with her Stanford classmate Sophia Kianni — and has just signed a lease to relocate its office in New York City. Phia, an artificial intelligence-powered shopping assistant […]]]>
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<![CDATA[Even an executive of City Realty Group was shocked by how easily a rezoning vote sailed through the Brookline annual town meeting last week. On Thursday, the town approved the Chestnut Hill Commercial Area Study by a 217-20 margin, easily exceeding the needed two-thirds threshold, Bisnow reported. The passage isn’t the final step in the process, but clears the path towards a major development in the Boston suburb. “I felt pretty good, but I wasn’t expecting it to that extent, certainly,” chief development officer Clifford Kensington told the publication. City Realty is planning a three-building mixed-use complex on a five-acre […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[The data center boom has made it clear that computers will need places to work. What about the humans?  Large tech firms have been laying off workers as they plow their capital into massive data facilities. In mid-May, Meta downsized by 8,000 employees just after raising its forecast for 2026 spending on data centers by 8 percent, to a range of $125 to $145 billion, according to its first-quarter earnings.  Although the tech behemoths have so far not given up major office space, none have been obviously expanding either. Earlier this year, Meta did sign a retail lease for a […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on RSS →![<![CDATA[OFFMARKET DEALS]]> — Skyline Properties on Medium](https://cdn-images-1.medium.com/max/563/1*VMedmpMXmYQnfBUsr6m8sQ@2x.jpeg "<![CDATA[OFFMARKET DEALS]]> — Skyline Properties on Medium")
<![CDATA[ A comprehensive overview covers Skyline Properties and Robert Khodadadian’s active strategy, closed transaction structures, and the macro Manhattan market trends shaping their business. — — — — — — — — — — — — — — — ## 1. Active Pipeline vs. Closed Deals Because Skyline Properties operates exclusively as an off-market, quiet-deal brokerage, they do not maintain public active listings. Instead, they use proprietary canvassing algorithms to match motivated sellers with institutional buyers privately. [1, 2, 3, 4] | Metric [1, 3, 5, 6] | Status / Data Points | | — -| — -| | Total Career Volume | Over $976 Million across 32+ major closed deals. | | Active Sourcing Strategy | Non-public; focusing heavily on distressed Class B/C Manhattan office towers and outer-borough multifamily assets. | | Average Deal Capitalization | Frequently handles mid-market and institutional transactions ranging from $10 million to $140 million. | | Recent Recognition | Awarded the Connect CRE New York & Tri-State Top Broker Award for high transaction volume. | — — — — — — — — — — — — — — — ## 2. Sourcing & Structuring Mechanics Khodadadian’s deal execution relies on two distinct commercial real estate mechanics designed to preserve confidentiality and optimize tax efficiency: [7] ## 99-Year Ground Leases [7, 8] Skyline frequently structures 99-year ground leases — such as their $65 million deal at 236 Fifth Avenue. [4, 5] For Landlords: Allows long-term generational wealth preservation and steady income without the operational burdens or development risks of managing a building. * For Developers: Greatly reduces upfront capital requirements (since they do not have to buy the land), freeing up capital strictly for construction, financing, and renovations. [7] ## The 467-m Tax Abatement Advisory With the passage of the New York State budget housing package, the 467-m tax exemption has become a primary advisory driver for Skyline’s office-to-residential projects. [9] The Mechanism: Property owners receive an aggressive, multi-year property tax exemption if they convert underutilized office space into residential apartments. * The Catch: To qualify, developers must designate 25% of the newly created units as affordable housing. Skyline leverages this math to justify higher acquisition prices for obsolete office towers like 6 East 43rd Street. [5, 9, 10] — — — — — — — — — — — — — — — ## 3. Manhattan Office-to-Residential Market Trends Skyline Properties’ business model aligns directly with a massive structural shift in Manhattan commercial real estate: Record Acceleration: Office-to-residential conversion starts reached 5.0 million square feet, the highest annual total in two decades. * The Forward Pipeline: There are 9.8 million square feet across over 30 planned conversion projects across the city, aiming to inject thousands of housing units into the market. * The Midtown Shift: Historically, conversions were restricted to the Financial District. However, 51.6% of proposed conversions are now targeting Midtown Class A and B properties, driven by post-pandemic vacancies that hover near 22.3%. * Regulatory Tailwinds: Conversions are being heavily accelerated by the city’s Office Conversion Accelerator Program, local City of Yes zoning changes, and the lifting of the residential FAR (Floor Area Ratio) cap. [9, 11, 12, 13, 14] — — — — — — — — — — — — — — — If you are evaluating an off-market opportunity, I can help you model a ground lease valuation or run a preliminary 467-m affordability calculation for a specific square footage. How would you like to proceed? [1] [https://www.skylineprp.com](https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop) [2] [https://www.zillow.com](https://www.zillow.com/profile/RobertKhodadadian) [3] [https://www.facebook.com](https://www.facebook.com/skylinepropertiesnyc/photos/we-quietly-move-manhattan-off-market-opportunities-from-lead-to-close-so-you-can/1478930484275242/) [4] [https://www.zillow.com](https://www.zillow.com/profile/robert%20khodadadian) [5] [https://www.skylineprp.com](https://www.skylineprp.com/post/skyline-properties-nyc-a-distinct-leader-in-new-york-commercial-real-estate) [6] [https://www.skylineprp.com](https://www.skylineprp.com/blog) [7] [https://www.skylineprp.com](https://www.skylineprp.com/blog/categories/off-market-deals) [8] [https://sky-nyc.com](https://sky-nyc.com/off-market-broker-nyc) [9] [https://propmodo.com](https://propmodo.com/playbook/the-great-office-conversion-is-just-getting-started/) [10] [https://www.skylineprp.com](https://www.skylineprp.com/about-robert-khodadadian) [11] [https://www.greystone.com](https://www.greystone.com/insights/office-to-residential-trends-in-manhattan/) [12] [https://sch.cushmanwakefield.com](https://sch.cushmanwakefield.com/api/public/content/2cdf103bb994429384eb4cbb835510f0?v=7ff0a790) [13] [https://www.linkedin.com](https://www.linkedin.com/posts/reed-hatcher-65297143_office-to-resi-conversion-momentum-accelerates-activity-7433265074095534082-Np0D) [14] [https://www.cushmanwakefield.com](https://www.cushmanwakefield.com/en/united-states/news/2025/10/office-to-residential-conversions-surge-to-record-levels-in-new-york-city) ]]>
View on Medium →<![CDATA[ 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 2025 NYREJ Executive of the Month (July 2014) NYREJ 40 Under 40 Rising Stars Featured in The Real Deal, Commercial Observer, and NYREJ 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 New York 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 RED Awards Off-Market Investment Sales Broker of the Year honors in 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.c | 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: oTraded.c | 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: oTraded.c | 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: oTraded.c | 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: oTraded.c | 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 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 New York 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 RED Awards Off-Market Investment Sales Broker of the Year honors in 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 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 New York 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 RED Awards Off-Market Investment Sales Broker of the Year honors in 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 ]]>
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<![CDATA[Roller Rabbit can’t run in Nantucket. But the Roller Rabbit General Store is a different story. In an example of the quirkiness of local laws — and how far one will go to bypass them — Roller Rabbit signed a two-year lease at 44 Centre Street in Nantucket’s downtown, one year after controversy nearly did the company’s local operations in, the Nantucket Current reported. The storefront recently opened for the season. Nantucket put a formula business bylaw on the books two decades ago, colloquially known as a ban on chain stores. In the downtown district, businesses with 10 or more […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on RSS →NYC Air Rights, Explained: TDRs and Zoning Lot Mergers NYC Air Rights, Explained How NYC air rights actually work — transferable development rights (TDRs), zoning lot mergers, granting and receiving parcels, and pricing methodology
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**NYC Air Rights, Explained** How NYC air rights actually work — transferable development rights (TDRs), zoning lot mergers, granting and receiving parcels, and pricing methodology
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<![CDATA[The controversial warehouse detention center plan instituted by former Department of Homeland Security secretary Kristi Noem is drawing scrutiny from the agency’s own inspector general. The DHS inspector general initiated a probe into the $38 billion program, the Wall Street Journal reported. The inspector general is expected to audit all of the warehouse purchases by the agency during Noem’s stewardship of DHS. The agency pulled approximately $38 billion in funding for the program from Congress through the One Big Beautiful Bill. So far, the agency appears to have spent $1 billion purchasing nine facilities for detention centers. Immigration and Customs […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on RSS →<![CDATA[Stephen Ross has bought yet another development site in West Palm Beach, Fla. The billionaire’s firm, Related Ross, paid $55 million for a full block in the city’s downtown, where a residential tower is planned, property records show. The developer is expected to build a condo project with 100 to 130 units. The 2.6-acre site […]]]>
View on RSS →Off-Market Commercial Real Estate NYC | Robert Khodadadian | Skyline Properties 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 strategic, off-market real estate opportunities in New York City.
View on Tumblr →<![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, […]]]>
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**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 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 New York 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 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 New York License — 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 **2025 Winner** — 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 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 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/) **LinkedIn:** [linkedin.com/in/robertkhodadadian](http://linkedin.com/in/robertkhodadadianInstagram)[**Instagram**](http://linkedin.com/in/robertkhodadadianInstagram)**:** [@Robert\_Khodadadian](https://www.instagram.com/Robert_Khodadadian/)**Twitter/X:** [@RKhodadadian](https://twitter.com/RKhodadadian) FOLLOW US! 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View on Reddit →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 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 New York 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 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 New York License — 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 2025 Winner — 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 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 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
View on Tumblr →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
View on Tumblr →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 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 New York 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 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 New York License — 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 2025 Winner — 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 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 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
View on Reddit →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.
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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.
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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.
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