Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Khodadadian has been involved with several prominent real estate firms, including Massey Knakal Realty Services and Eastern Consolidated. Throughout his career, Khodadadian participated in the sale of hundreds of properties across Manhattan, Queens, Long Island, the Bronx and other areas, with a diverse range of commercial and residential listings. Khodadadian has been involved in all facets of New York’s wide-ranging real estate properties, from multi-family homes to retail stores, offices, SRO’s, IMD’s, retail condos and hotels, as well as investment opportunities including shares, partnership interests, loans and note sales.
Khodadadian began his career in real estate in 2002 as a junior studying finance at New York’s Pace University. He purchased a foreclosed home in Hempstead, Long Island and executed a complete renovation on the property in three months. He sold the home and continued buying, remodeling and selling homes in the area while attending college, completing seven more successful sales. These sales caught the attention of Massey Knakal Realty Services, a wide-reaching New York and New Jersey real estate firm focusing on the New York City metropolitan landscape. Massey Knakal Realty hired Khodadadian out of college in 2004 as an associate broker. Khodadadian continued his success for two years with the company, where he helped sell more than 100 investment properties, with gross total capitalizations reaching over $300 million. His experience in the highly-competitive, fast-paced metropolitan market would go on to inspire his own entrepreneurial venture and encourage a new assessment of sales and investments in the area.
Using his experience in traditional real estate sales, Khodadadian saw an opportunity to streamline the process and offer optimal value and a superior real estate experience for New York City’s buyers, sellers and investors. He left Massey Knakal Realty in 2006 to begin his own venture, Skyline Properties, with the mission of connecting buyers and sellers outside the networking politics and competitive bidding wars surrounding traditional markets. Skyline offered a discrete and personal alternative to publicized, wide-open opportunities presented by New York’s most well-known brokerage firms. Skyline closes real estate opportunities from public formats, so all parties enjoy a discretionary shield and see opportunities that most interest them, without sifting through numerous exclusive listing ads. By removing high-priced marketing materials and connecting directly with sellers, brokers, investors and buyers, Skyline optimizes the value on each opportunity. Many buyers that are intimidated by the drawn out, aggressive environments of public listings and sellers that seek to close sales quickly and quietly with the most interested buyers look to Skyline. Personal connections between individuals and ongoing assistance throughout the sale gives every participant a comfortable, informed and positive real estate experience, as well as the highest value on their assets.
The innovative approach enticed many of New York’s active investors and brokers, as well as a long list of exceptional off-market developments in popular commercial and residential areas. Off-market deals and discretionary investing proved advantageous for all parties and Skyline’s continuous growth allowed Khodadadian to expand the enterprise in 2010. Skyline’s second office on 220 Park Avenue, Brooklyn opened up opportunities for new employees, access to new customers and a wider market area to explore valuable properties. The burgeoning real estate powerhouse continued to grow until the financial crisis hit the real estate market in 2012. Khodadadian temporarily put Skyline on hold in 2012 to explore opportunities with Eastern Consolidated, one of New York’s most prestigious real estate firms.
In May of 2013, shifts in the real estate economy brought Khodadadian back to his independent company with a renewed vision for off-market transactions. Low interest rates spurred a rise in Manhattan commercial sales, during new buyers into the market with a wary eye for public bidding. Leveraging new skills and knowledge gained from Eastern Consolidated, Khodadadian returned to Skyline with new listings, enthusiastic new buyers, brokers, investors, and new strategies for prolific expansion.
Since its inception in 2006, Skyline’s pioneering pursuits have been featured across many prominent New York real estate publications, including The Real Deal, Real Estate Weekly, The Commercial Observer, and “Company of the Month” with the New York Real Estate Journal (NYREJ). Khodadadian has also been recognized for his outstanding work in the field as “Executive of the Month” with NYREJ.
Lead by real estate veteran Robert Khodadadian, Skyline’s staff presents an advanced, detailed knowledge of the market and gives customers access to New York’s many hidden gems. Skyline has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year triple net ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.
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
Tenant inks 99-year ground lease for Bargain World spot
The Kaufman Organization closed on a newly formed ground lease at The Haymarket Building in Manhattan’s NoMad, valued at $34.5 million, Commercial Observer has learned.
Wildflower Ltd., a frequent lessor to Amazon and the company behind Robert De Niro's Wildflower Studios project in Queens, has purchased an industrial site in the South Bronx for about $11 million.
Sitt Purchases Mixed use with retail tenant Roberto Cavali on Madison Avenue
Four-building St. Mark’s Place multifamily portfolio under contract for $44M
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
Hidrock Realty to build a 150,000 s/f, 33-story building
CB Developers to pay $25M for site next to Murray Hill project
NYC Real Estate Sale Brooklyn Multi-family
Moin Development to buy Sutton Place rentals for $19M
ML7 buys commercial space at Tribeca condo building for $18M NJ landlord to convert second-floor offices to residential
Skyline Properties – Brokering outside the box: Off-market deals, ground leases and customized canvassing
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.
Sister act: Kaufman inking ground lease for NoMad office building The Real Deal Skyline Properties Robert Khodadadian Daniel Shirazi
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
Resurgence of the Ground Lease: Q&A With Skyline Properties CEO Robert Khodadadian - The Commercial Observer
Acadia Closes $50M Buy of Soho Retail Co-ops Commercial Observer Robert Khodadadian Skyline Properties
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.
Four-building St. Mark’s Place multifamily portfolio under contract for $44M The Real Deal Robert Khodadadian Skyline Properties
Question of the Month: Concerning ground leases: How should landlords handle picking the ground tenant for their property? New York Real Estate Journal Skyline Properties, Daniel Shirazi
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.
Executive of the Month Robert Khodadadian of Skyline Properties: An Entrepreneur Evolving with Changing Markets, Providing Optimal Results
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