
One of the biggest “deal killers” during ground lease negotiations circles around the issue of whether or not to include a rent reset in the ground lease. In general, rent resets are used to protect the landlord (lessor) from inflation which in turn can increase future ground rent paid by the ground tenant (lessee). As a consequence, the lessee is reluctant to accept a rent reset whereby “killing the deal.” However, crafting language to protect both the landlord and tenant can help keep the deal

The New York Real Estate Journal caught up with Robert Khodadadian, Skyline Properties’ founder, and CEO, for an overview on why the current market conditions have led to the recent resurgence of ground leasing in the city.

Sister act: Kaufman inking ground lease for NoMad office building The Real Deal Skyline Properties Robert Khodadadian Daniel Shirazi

Four-building St. Mark’s Place multifamily portfolio under contract for $44M The Real Deal Robert Khodadadian Skyline Properties

with its move to the 31st floor in SL Green’s “Daily News Building” to accommodate more space for the firms growing investment sales team

Tenant inks 99-year ground lease for Bargain World spot The Real Deal Skyline Properties Robert Khodadadian
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Skyline Properties

The Feil Organization is buying an office building in Chelsea that is home to several art galleries for about $72 million, according to sources familiar with the deal. 530 West 25th Street between 10th and 11th avenues and spans 95,000 square feet across seven stories.

99-Year Ground Lease NYC Real Estate - The Real Deal Skyline Properties

Acadia Closes $50M Buy of Soho Retail Co-ops- The Commercial Observer Skyline Properties

Sitt Purchases Mixed use with retail tenant Roberto Cavali on Madison Avenue

72-76 Greene St. for $42 million, which equates to $1,186 per square foot, to Chicago-based L3 Capital with partner ASB Capital Management

Tenant inks 99-year ground lease for Bargain World spot

220 East 42nd Street, Suite 3102
New York, New York 10017
Phone: 212.537.9239
Fax: 212.257.7028