Are FMV rent resets deal killers?
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
Why ground lease and why now?
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.
Kaufman inking ground lease
Sister act: Kaufman inking ground lease for NoMad office building The Real Deal Skyline Properties Robert Khodadadian Daniel Shirazi
St. Mark’s portfolio under contract
Four-building St. Mark’s Place multifamily portfolio under contract for $44M The Real Deal Robert Khodadadian Skyline Properties
Skyline triples its NYC footprint
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
Tenant inks 99-year ground lease for Bargain World spot The Real Deal Skyline Properties Robert Khodadadian
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Skyline Properties is an investment sales advisory firm based in Manhattan. Our main focus is to seek out “quiet deals”. These deals are off-market transactions designed to provide the seller with complete discretion while aiding the buyer in obtaining investment quality real estate. Skyline controls and negotiates every stage of the deal, producing win-win transactions causing both the sellers and buyers alike to repeatedly return to Skyline Properties to sell and purchase additional assets.

Skyline Properties handles many different property and deal types, including ground leases, office buildings, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. Our staff is experienced in representing properties of all values and are expert in meeting the needs of the most demanding clients.

FEATURED TRANSACTIONS

Skyline Properties NYC

530 West 25th Street, New York, NY
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.
236 5th Avenue, New York, NY
99-Year Ground Lease NYC Real Estate - The Real Deal Skyline Properties
133-135 Prince Street, New York, NY
Acadia Closes $50M Buy of Soho Retail Co-ops- The Commercial Observer Skyline Properties
711 Madison Avenue, New York, NY
Sitt Purchases Mixed use with retail tenant Roberto Cavali on Madison Avenue
28-34 St. Marks Place, New York, NY
Four-building St. Mark’s Place multifamily portfolio under contract for $44M
72 Greene Street, New York, NY
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
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rebny, ground lease, robert khodadadian, skyline properties nyc, Real Estate investment sales, Skyline Properties specializes in off-market transactions designed to provide the seller with complete discretion and the buyer with a valuable asset
Feil buys Chelsea office for $72MM
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.

The property is located at 530 West 25th Street between 10th and 11th avenues and spans 95,000 square feet across seven stories. The Feil Organization partnered on the purchase with Peter Armstrong of Rigby Asset Management.
Kaufman inking ground lease
Sister act: Kaufman inking ground lease for NoMad office building The Real Deal Skyline Properties Robert Khodadadian Daniel Shirazi
Are FMV rent resets deal killers?
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
Ground Lease Resurgence
Resurgence of the Ground Lease: Q&A With Skyline Properties CEO Robert Khodadadian - The Commercial Observer
Acadia Closes $50M Buy SoHo
Acadia Closes $50M Buy of Soho Retail Co-ops Commercial Observer Robert Khodadadian Skyline Properties
New York Times Investment Sales
This six-story apartment building in the Clinton Hill neighborhood was built in 1939. It has seven one-bedroom units, eight two-bedrooms, 21 three-bedrooms and four four-bedrooms, as well as 16 parking spaces. The building last changed hands in 2012.
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SKYLINE PROPERTIES

220 East 42nd Street, Suite 3102

New York, New York 10017

Phone: 212.537.9239 

Fax: 212.257.7028

E-Mail: info@skylineprp.com

SKYLINE PROPERTIES

220 East 42nd StreetSuite 3102 I New York, NY 10017

Phone: 212.537.9239 Fax: 212.257.7028 info@skylineprp.com

 

 

Copyright 2020 Skyline Properties

 

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28-34 St. Marks Place, New York, NY

Four-building St. Mark’s Place multifamily portfolio under contract for $44M

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