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About Skyline Properties — Robert Khodadadian
About Skyline Properties — Robert Khodadadian
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16 posts about Robert Khodadadian from across Skyline's social platforms and curated industry sources.
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Off-Market Commercial Real Estate NYC | Robert Khodadadian | Skyline Properties
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
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The strategy of co-op busting in commercial real estate - by Robert Khodadadian
The strategy of co-op busting in commercial real estate - by Robert Khodadadian In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but increasingly relevant — is known as “co-op busting.” This approach involves acquiring control of a cooperative building with the intent to convert or redevelop it for greater financial return. What Is Co-op Busting? Co-op busting refers to the process in which an individual or group of investors strategically purchases a majority of shares in a cooperative (co-op) building. With enough shares, the group can gain control of the building’s board of directors and direct the future of the property. This often includes converting the co-op into a condominium or redeveloping it for commercial use, such as offices, retail, or hospitality. How It Works The process typically unfolds in four key stages: 1. Share Acquisition Investors begin by quietly buying units in the co-op, accumulating a significant percentage of the building’s shares. 2. Board Control Once a majority stake is obtained, the group can influence or outright control the co-op’s board. This control enables them to propose and vote on changes to the building’s structure, usage, or ownership model. 3. Conversion or Redevelopment The board may choose to convert the building to a condominium, a move that often increases the overall property value. Alternatively, they may pursue commercial redevelopment, such as converting residential units into office space or retail. 4. Shareholder Buyouts With control of the board, investors can offer to buy out remaining shareholders — sometimes at a premium — clearing the path for full redevelopment. Why Co-op Busting Happens There are several reasons why investors pursue this strategy: • Value Creation: Converting a co-op into condos or commercial space can dramatically increase a building’s market value, especially in high-demand areas like Midtown Manhattan. • Development Potential: Older co-op buildings often sit on valuable land that is underutilized. Redeveloping these sites can unlock new revenue streams. • Strategic Control: Once investors control the co-op board, they can reshape the property in alignment with their long-term investment objectives. A Broader Perspective The idea of leveraging shared ownership for commercial gain isn’t new. A similar structure exists in real estate investment trusts (REITs), where land or buildings are divided into shares, and the trust manages the property for profit. While REITs are typically structured from the outset, co-op busting transforms existing residential buildings into more lucrative assets. Why Midtown Manhattan Is a Target Midtown Manhattan remains one of the most attractive markets for co-op busting due to its location, zoning flexibility, and high commercial demand. Investors see older residential co-ops in this area as prime candidates for redevelopment, where the upside can significantly outweigh the acquisition cost and time involved. Conclusion Co-op busting is a complex but highly strategic investment method that capitalizes on the inefficiencies of older co-op structures. By gaining control of the board, investors are able to shift the direction of a building — unlocking new value through conversion or commercial redevelopment. In the high-stakes environment of New York City real estate, especially in Midtown, co-op busting continues to be a compelling strategy for investors looking to maximize returns.
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Robert Khodadadian
Robert Khodadadian Robert Khodadadian: NYC’s Premier Off-Market Commercial Real Estate Broker & Founder of Skyline Properties
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NYC Commercial Real Estate — The Complete Cluster
NYC Commercial Real Estate — The Complete Cluster A deep editorial library on New York City commercial real estate — market trends, asset-class breakdowns, valuation methods, financing, taxes, and the dynamics that determine which deals win and which die. Built by Robert Khodadadian and the Skyline Properties team. 10 articles · Curated by Robert Khodadadian
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Off-Market Commercial Real Estate NYC | Robert Khodadadian | Skyline Properties
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.
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Khodadadian strikes out on his own again
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 struck out on his own 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. This spring, Khodadadian decided to re-invigorate Skyline to seize on the uptick in commercial sales spurred by low interest rates
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NYC Tax Calculator | Transfer Tax & Closing Costs
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
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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 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
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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 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
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The ideal candidate for office-to-residential conversion - by Robert Khodadadian
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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RedditThe 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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RedditSkyline’s Robert Khodadadian and Daniel Shirazi Generate Over $181 Million in Sales- Skyline Propertiesi
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
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Skyline’s Robert Khodadadian and Daniel Shirazi Generate Over $181 Million in Sales- Skyline Properties
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
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RedditSkyline’s Robert Khodadadian and Daniel Shirazi Generate Over $181 Million in Sales
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.
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RedditThe 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.
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