711 Madison Avenue
10,000 SF
$/SF
$4,700
Closed
2013
BuyerRalph Sitt
SellerZiggy Rutan
Press Coverage
Expertise
Upper East Side Multifamily
Upper East Side
The Upper East Side is one of Manhattan's most stable multifamily submarkets — deep tenant demand, irreplaceable pre-war housing stock, and townhouse blocks that have anchored Manhattan wealth for over a century. Skyline Properties — led by founder Robert Khodadadian, Founder, President & CEO — transacts Upper East Side multifamily across pre-war elevator buildings, brownstones, and rent-stabilized portfolios, drawing on $976M+ in NYC closed volume including landmark Manhattan transactions like the $135M 6 East 43rd Street Vanbarton conversion (2025). UES multifamily cap rates currently band 4.75%-5.5% for free-market pre-war, 6%-7%+ for rent-stabilized.
Closed Volume
Years in NYC
Published Transactions
Largest Published Transaction
Upper East Side Multifamily — Skyline Properties Coverage
The Upper East Side is one of Manhattan's most stable multifamily submarkets — deep tenant demand, irreplaceable pre-war housing stock, and townhouse blocks that have anchored Manhattan wealth for over a century. Skyline Properties — led by founder Robert Khodadadian, Founder, President & CEO — transacts Upper East Side multifamily across pre-war elevator buildings, brownstones, and rent-stabilized portfolios, drawing on $976M+ in NYC closed volume including landmark Manhattan transactions like the $135M 6 East 43rd Street Vanbarton conversion (2025). UES multifamily cap rates currently band 4.75%-5.5% for free-market pre-war, 6%-7%+ for rent-stabilized.
- Pre-war elevator apartment buildings
- Walk-up multifamily and small apartment buildings
- Rent-stabilized portfolios
- Single-family townhouses and brownstones
- Mixed-use multifamily
Commercial Real Estate Advisory in Upper East Side
Skyline Properties advises owners and qualified investors on upper east side multifamily 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 Upper East Side comparable sales
- Controlled outreach for confidential upper east side multifamily 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 Upper East Side Property Topics
Investors and owners researching upper east side multifamily may also evaluate UES apartment buildings for sale, Upper East Side townhouse for sale, UES brownstone, pre-war Upper East Side apartment building, Upper East Side rent-stabilized portfolio, Upper East Side walk-up building, Carnegie Hill multifamily, Yorkville apartment building, Lenox Hill multifamily, Upper East Side mixed-use building, UES elevator apartment building. The linked guides below address the relevant property types, transaction structures and underwriting considerations in greater detail.
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Off Market Real Estate NYC
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NYC Multifamily Investment Property
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Office to Residential Conversion NYC
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Manhattan Investment Sales Broker
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Commercial Property For Sale NYC
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NYC Apartment Building For Sale
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Off-Market Broker NYC
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Multifamily Portfolio Sales
Apartment buildings and rent-stabilized portfolios.
Development Site Acquisitions
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Manhattan Office Broker
Class A and B office investment sales.
Ground Leases
99-year ground leases and fee positions.
NYC Multifamily Investment Guide
Complete guide to NYC multifamily investment.
Ground Lease NYC Complete Guide
Everything about NYC ground leases and valuation.
NYC Neighborhood Commercial RE Guide
Submarket-by-submarket NYC commercial guide.
Off-Market Commercial Real Estate NYC
The editorial hub for NYC off-market commercial real estate.
$976M+ in Closed Deals
Browse the Skyline Properties transaction database.
$50M+ Landmark Case Studies
Deep-dive on Skyline Properties' largest off-market closings — 6 East 43rd ($135M), 101 Greenwich ($105M), 131-133 Prince ($50M).
Robert Khodadadian, Founder, President & CEO
RED Awards Off-Market Investment Sales Broker of the Year — 2025.
Schedule a Confidential Owner Consultation
Confidential conversation with Robert Khodadadian.
Off-Market Broker NYC
Confidential Manhattan multifamily acquisitions including UES walk-ups and rent-stab portfolios.
Editorial Authority
Upper East Side Multifamily —
Editorial guides covering upper east side multifamily and related NYC commercial real estate topics, including underwriting, zoning, conversions and transaction structure.
Off-Market Commercial Real Estate NYC
The complete guide to finding, evaluating, and buying off-market commercial properties in NYC.
How to Buy an Apartment Building in NYC
Step-by-step underwriting and acquisition guide for NYC multifamily.
Rent-Stabilized Building Investing in NYC
Realistic playbook for rent-stabilized multifamily post-HSTPA.
NYC Multifamily Cap Rates
Submarket-level cap rate benchmarks for NYC apartment buildings.
Manhattan Apartment Building Prices
What investors actually pay for Manhattan multifamily in 2026.
FAQ
Frequently Asked
Skyline Properties — led by founder Robert Khodadadian — is one of the leading brokers for Upper East Side multifamily. 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 Upper East Side multifamily across pre-war elevator apartment buildings, walk-up multifamily and small apartment buildings, rent-stabilized portfolios, and other upper east side multifamily assets. Engagements range from sub-$5M boutique deals through $100M+ trophy and conversion plays.
Yes. The majority of Skyline Properties' Upper East Side 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 Upper East Side multifamily directly with the buyers most likely to close at the right price — without any public marketing exposure.
Valuing Upper East Side multifamily 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 Upper East Side.
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 Upper East Side
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
Upper East Side
Data reviewed July 2026 · Next scheduled review October 2026 · Asset focus: Multifamily, Mixed-use, Madison Avenue retail
Skyline Properties transactions in Upper East Side
- 711 Madison Avenue — $47M (2013), Ralph Sitt
Madison Avenue mixed-use with flagship retail frontage — roughly $4,700/SF on the published record.
Zoning, policy & market mechanics
Madison Avenue's luxury retail spine anchors UES mixed-use valuations: the 711 Madison Avenue trade (2013, $47M) documented flagship-corridor pricing at roughly $4,700/SF.
Source: Skyline Properties closed-deal record; published coverage · January 2013
HSTPA (2019) governs any stabilized residential component in UES mixed-use and multifamily underwriting.
Source: NYS Housing Stability and Tenant Protection Act (2019) · June 2019
Documented buyer profiles
- Retail-focused family investors holding Madison Avenue frontage (Ralph Sitt at 711 Madison Avenue)
Owner considerations
- Corridor retail and upper-floor income should be underwritten separately; the retail credit drives the exit multiple.
- Quiet marketing preserves relationships with luxury tenants during ownership transitions.
Press Coverage
Press coverage in Upper East Side
Third-party reporting connected to published Skyline Properties transactions in this submarket.