 Benedict pays $47M for Queens rental portfolioThe portfolio includes Richelieu Gardens, a three-building complex at 34-44 77th Street in Jackson Heights, and two six-story buildings in Elmhurst — The Martinique at 56-11 94th Street and The Alameda at 40-40 79th Street. |  The ideal candidate for office-to-residential conversion - by Robert KhodadadianAs an active commercial real estate broker in Manhattan, I’ve witnessed firsthand how this trend is transforming urban landscapes. But not every building is a good candidate for such conversions. So, what makes a building ideal for this type of transformation? |  Kaufman Organization Closes on $35M Haymarket Building Ground LeaseThe 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. |  Skyline Properties NYREJ Company of the MonthSkyline Properties – Brokering outside the box: Off-market deals, ground leases and customized canvassing |
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 Bayside shopping center goes for $32M to lead mid-market salesAlfredo Li, through the entity Mandarin Realty NY LLC, sold a shopping center at 61-01 Springfield Avenue in Bayside, Queens, for $32 million to Main 15-Lee Springfield LLC, which is connected to Flushing-based multifamily and office building investor Hye Chun Lee. |  Feil buys Chelsea office for $72MMThe 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. |  Wildflower, the company behind Robert De Niro’s Wildflower Studios in Queens..industrial site in Hunts Point from a Long Island company. The sites were last purchased for about $2.3 million in 2003, according to property records. The lots total 55,000 square feet and allow for 110,000 square feet of buildable space. |  Kaufman inking ground leaseSister act: Kaufman inking ground lease for NoMad office building The Real Deal Skyline Properties Robert Khodadadian Daniel Shirazi |
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 Lee family pays $32M for retail in Oakland GardensUi Kun Lee of the Lee family based in Manhattan through the entity Main 15-Lee Springfield LLC paid $32 million to Alfredo Li through the entity Mandarin Realty NY LLC for the retail strip mall (K1) at 61-01 Springfield Boulevard in Oakland Gardens, Queens. |  Analyzing quarter 1: 2024 sales for New York CityAs we dive into the first quarter of 2024, the latest sales transac-tions provide a clear picture of the current real estate market in New York City. |  Khodadadian and Shirazi of Skyline Properties handle $10.85 millionJul 6, 2021 — Khodadadian and Shirazi of Skyline Properties handle $10.85 million. July 06, 2021 - Front Section. NYREJ. Thanks for Reading! |  Kaufman Org closes on $35M ground lease dealThe Kaufman Organization continues to expand in Midtown South after closing on a $34.5 million ground lease at the Haymarket Building.
The organization signed a 99-year ground lease with MFM Properties for the 12-story office building at 135 West 29th Street, the Commercial Observer reported. |
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 Ground Lease ResurgenceResurgence of the Ground Lease: Q&A With Skyline Properties CEO Robert Khodadadian - The Commercial Observer |  Acadia Closes $50M Buy SoHoAcadia Closes $50M Buy of Soho Retail Co-ops Commercial Observer Robert Khodadadian Skyline Properties |  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. |  Asset Class Breakdown-2024 OpportunitiesIn the bustling streets of Manhattan, where every corner tells a tale of commerce, as a investment sales broker in Manhattan for almost 20 years I've observed a landscape marked by uncertainty yet teeming with potential. I would like to share insights into the ever-evolving trends and opportunities as they vary across asset classes. |
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 Q2 2024 CRE market snapshot shows signs of reboundIn the second quarter of 2024, the commercial real estate (CRE) market displayed encouraging signs of recovery. |  Kaufman Organization inks $35M 99-year ground lease in Midtown SouthThe commercial building, at 135 W. 29th St., stands 12 stories tall and spans 82,000 square feet. It is about 70% occupied, with roughly 25,000 square feet of space available for lease, according to the Kaufman Organization. The company plans to renovate and reposition the building, which it acquired from MFM Properties. |  Queens, NY Skyline Properties sells 6101 Springfield Blvd. in Oakland Gardens to the Lee Family for Earlier this year Skyline Properties also completed the following off-market transactions: an affordable housing property located at 246 West 116 th St. for $6.3 million and a mixed-use property located at 165-167 Eldridge St. for $19.275 million. |  New York City Real Estate RecoveryIn my role, I've witnessed firsthand the resilience of New York City's real estate landscape. Despite a 5.4% population decline from April 2020 to July 2022.. |
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 Khodadadian Executive of MonthExecutive of the Month Robert Khodadadian of
Skyline Properties: An Entrepreneur Evolving with Changing Markets, Providing Optimal Results |  Concerning Ground LeasesQuestion 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 |  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 |  The impact of rent regulationFor landlords, the playbook had long been simple and lucrative: buy run-down buildings that are, in New York lingo, rent-stabilized, fix them up, pass along the expense to tenants by raising rents (allowed under the regulations), cash out, and repeat. Once rents approached $2,800 a month, owners could charge what the market would bear, turning the apartments into potential gold mines. |
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 Real Estate Alerts 2022 RankingReal Estate Alerts Top Multifamily Brokers - Skyline Properties |  New York Times Investment SalesThis 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. |  NYREJ’s 35th Anniversary: Robert Khodadadian, Skyline PropertiesMost memorable “15 minutes of fame” in NYREJ:
Definitely July 28, 2014 being nominated as NYREJ’s “Executive of the Month” and dedicating it to my father who had just recently passed away. “Executive of the Month Robert Khodadadian of Skyline Properties: An entrepreneur evolving with changing markets, providing optimal results” |  NYREJ Ones to Watch Fall 2022NYREJ Ones to Watch Fall 2022: Stephen Alcala, Skyline Properties |
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