72 Reade Street
20,000 SF
$/SF
$900
Closed
2015
BuyerJeff Siegel / ML7
SellerMacKenzie Door Company
Deal Data
Press Coverage
Expertise
TriBeCa Investment Property
TriBeCa
TriBeCa is Manhattan's quietest trophy submarket — irreplaceable loft architecture, the highest-priced residential per square foot in the city, and a commercial real estate market dominated by relationship-driven, off-market transactions. Skyline Properties — led by founder Robert Khodadadian — is one of the few firms with active TriBeCa deal flow, and our adjacent Lower Manhattan track record includes the $105M 101 Greenwich Street off-market sale to Quantum Pacific + Metro Loft (2025) just south of the TriBeCa border. TriBeCa investment property cap rates currently band 4.5%-5.5% for trophy mixed-use lofts.
Closed Volume
Years in NYC
Published Transactions
Largest Published Transaction
TriBeCa Investment Property — Skyline Properties Coverage
TriBeCa is Manhattan's quietest trophy submarket — irreplaceable loft architecture, the highest-priced residential per square foot in the city, and a commercial real estate market dominated by relationship-driven, off-market transactions. Skyline Properties — led by founder Robert Khodadadian — is one of the few firms with active TriBeCa deal flow, and our adjacent Lower Manhattan track record includes the $105M 101 Greenwich Street off-market sale to Quantum Pacific + Metro Loft (2025) just south of the TriBeCa border. TriBeCa investment property cap rates currently band 4.5%-5.5% for trophy mixed-use lofts.
- Loft conversions and condo buildings
- Boutique office buildings
- High-end retail and showroom space
- Mixed-use trophy assets
- Live-work loft buildings
Commercial Real Estate Advisory in TriBeCa
Skyline Properties advises owners and qualified investors on tribeca investment property transactions, including valuation, confidential outreach, buyer qualification, negotiations, due diligence and closing coordination.
The appropriate process depends on the property, ownership objectives, buyer depth and required level of confidentiality. Published transactions and case studies provide examples of Skyline Properties' experience; they do not represent current inventory unless specifically identified as available.
- Property-specific valuation and current TriBeCa comparable sales
- Controlled outreach for confidential tribeca investment property assignments
- Buyer qualification based on capital, experience, timing and execution history
- Senior-level transaction coordination from initial strategy through closing
- Public case studies and transaction records with supporting source links
Related TriBeCa Property Topics
Investors and owners researching tribeca investment property may also evaluate TriBeCa commercial real estate, TriBeCa loft buildings for sale, TriBeCa boutique office building, TriBeCa retail space for sale, TriBeCa mixed-use building, TriBeCa condo building for sale, TriBeCa trophy asset, Hudson Street commercial real estate, Franklin Street loft, Lower Manhattan investment property, TriBeCa off-market deal. The linked guides below address the relevant property types, transaction structures and underwriting considerations in greater detail.
Track Record
Recent
157 Chambers Street
5,000 SF
$/SF
$1,000
Closed
2013
BuyerPrivate Investor
SellerRobert Kaliner
Deal Data
Press Coverage
Expertise
119 Chambers Street
3,000 SF
$/SF
$833
Closed
2015
BuyerCenturion
SellerEdmond Nassim
Deal Data
Press Coverage
Expertise
Related Resources
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Confidential TriBeCa loft and trophy-asset transactions.
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Editorial guides covering tribeca investment property and related NYC commercial real estate topics, including underwriting, zoning, conversions and transaction structure.
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FAQ
Frequently Asked
Skyline Properties — led by founder Robert Khodadadian — is one of the leading brokers for TriBeCa investment property. Skyline Properties has closed $976M+ in NYC commercial real estate transactions, the majority off-market, and has the 2025 RED Awards Off-Market Investment Sales Broker of the Year.
Skyline Properties transacts TriBeCa investment property across loft conversions and condo buildings, boutique office buildings, high-end retail and showroom space, and other tribeca investment property assets. Engagements range from sub-$5M boutique deals through $100M+ trophy and conversion plays.
Yes. The majority of Skyline Properties' TriBeCa transactions are off-market. Skyline Properties maintains a curated network of pre-qualified institutional buyers, family offices, REITs, and private equity funds, and routinely matches TriBeCa investment property directly with the buyers most likely to close at the right price — without any public marketing exposure.
Valuing TriBeCa investment property requires submarket-specific cap rates, current rent comparables, an honest read on tenant demand, and — for development-eligible assets — a buildable analysis under the current zoning. Skyline Properties provides confidential, no-obligation broker opinions of value for owners and investors active in TriBeCa.
Call Skyline Properties at (212) 537-9239 or schedule a confidential consultation with Robert Khodadadian directly. Skyline Properties responds to all serious inquiries within one business day.
Discuss a commercial real estate opportunity in TriBeCa
Request a confidential conversation about the property, acquisition criteria or transaction structure. No public listing is created by contacting Skyline Properties.
Schedule a Confidential ConsultationSubmarket Intelligence
TriBeCa
Data reviewed July 2026 · Next scheduled review October 2026 · Asset focus: Retail, Loft mixed-use, Small office
Skyline Properties transactions in TriBeCa
- 72 Reade Street — $18M (2015), Jeff Siegel / ML7
Reade Street retail — the corridor's cycle-defining trade.
- 157 Chambers Street — $5M (2013), Private investor
Chambers Street retail condominium.
- 119 Chambers Street — $2.5M (2015), Centurion
Chambers Street retail.
Zoning, policy & market mechanics
TriBeCa's landmark districts and loft-conversion history produce small-lot, high-value retail and mixed-use holdings; Skyline Properties’ three closed Chambers/Reade Street trades (2013-2015) document the corridor's ownership turnover.
Source: Skyline Properties closed-deal records · January 2015
Documented buyer profiles
- Private investors and family offices acquiring corridor retail (72 Reade Street; 157 Chambers Street)
- Boutique operators assembling side-street positions (Centurion at 119 Chambers Street)
Owner considerations
- Small-lot TriBeCa assets trade on scarcity and tenant quality; a quiet process among proven corridor buyers protects pricing.
- Landmark review timelines should be built into any repositioning underwriting.
Press Coverage
Press coverage in TriBeCa
Third-party reporting connected to published Skyline Properties transactions in this submarket.
NJ's ML7 Buys Commercial Space at Tribeca Condo Building for $18M
ML7 of New Jersey acquires 72 Reade Street retail condo in Tribeca.
Khodadadian of Skyline Properties Facilitates $18 Million Sale on Behalf of ML7 Construction & Design
Robert Khodadadian brokers $18M 72 Reade Street retail condo sale for ML7 Construction & Design.
157-163 Chambers Street - $5M Tribeca Retail Sale
Traded.co deal page for 157-163 Chambers Street $5M Tribeca retail transaction.
119 Chambers Street Tribeca Retail Transaction
NYREJ transaction note on the 119 Chambers Street retail condo trade in Tribeca, brokered off-market by Skyline Properties.