DANIEL SHIRAZI, ESQ.
Daniel Shirazi is the Executive Vice President of Skyline Properties (“Skyline”) and works with President, Robert Khodadadian on a broad and diversified range of investment quality real estate opportunities. In his first year at Skyline, Mr. Shirazi successfully negotiated a $65 million ground lease for 236 5th Avenue, NY, NY, a 100,000-square-foot office building.
Leveraging a decade’s worth of real estate experience both as an attorney and real estate broker, Mr. Shirazi is able to offer his clients unique insight along with knowledge that is unparalleled. Prior to joining Skyline, Mr. Shirazi was an Associate at a law firm in Manhattan. As an attorney, Mr. Shirazi worked in both the residential and commercial real estate practice groups, representing buyers and sellers of residential and commercial properties and the representation of landlords and tenants in commercial lease negotiations. During his tenure as an attorney, he was involved in over $100 million worth of real estate transactions throughout the United States. A motivated self-starter, Mr. Shirazi has developed relationships with a wide array of investors, taking the lead on complex transactions. Prior to his legal career, he was a real estate salesperson at The Corcoran Group while he was in college.
While his background gives him a wide range of experience, Mr. Shirazi has been especially active in ground leasing office buildings and other commercial assets in the Tri-State area. His expertise and discipline allowed him to develop an extensive database of customers that includes all of the major investors, brokers, and individuals that are active in the commercial real estate arena.
Daniel has contributed to the success of Skyline in multiple facets: from the $65 million ground lease completed in his first year at Skyline, his growing number of deals in the pipeline, and bringing greater visibility to Skyline through frequent mention in the press. Mr. Shirazi has been featured in The Real Deal and New York Real Estate Journal where his article “Ground Leases 101: Creativity is Required” and “Ground Leases: Picking the Ground Tenant” were published. Mr. Shirazi is a team player and not only works successfully with Mr. Khodadadian but also with all other brokers.
Mr. Shirazi is a graduate of St. John’s University, The Peter J. Tobin College of Business where he received his BS in Marketing and Touro College Jacob D. Fuchsberg Law Center where he received his JD in Law.
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
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.
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
Consider these questions when vetting prospective ground tenants - by Robert Khodadadian
Which project, deal, or transaction was the “game-changer” in the advancement of your career? The sale of 516-530 West 25th St. was a game changer because this was the largest transaction Skyline Properties sold using their customized canvassing services. How do you contribute to your community or your profession? Myself and my firm have donated to various organizations to help those in need. I also, make myself available as a source to those who need guidance in any transaction.
Kaufman Expands Midtown Manhattan Portfolio Commercial Property Executive Skyline Properties Robert Khodadadian Daniel Shirazi
Skyline Properties announced the hiring of three new executives. Real Estate Weekly Who's News
Robert Khodadadian and Daniel Shirazi of Skyline represented both the seller, 711 Brighton, LLC and purchaser, 711 BBA LLC on this off-market transaction. Skyline’s customized canvassing tool enables buyers to focus on purchasing assets that meet their acquisition criteria as opposed to waiting for them to become available on the open market and thereby bypassing the time consuming process of bidding on properties that are marketed.
Ground leases 101: Creativity is required New York Real Estate Journal Skyline Properties Daniel Shirazi
Skyline Properties has hired Daniel Shirazi to spearhead the firms expansion.
Shirazi joins Skyline Properties as senior director of sales New York Real Estate Journal Daniel Shirazi
Hidrock Realty to Build a 150,000SF, 33-Story Building New York Real Estate Journal Robert Khodadadian