587-591 Third Avenue: Skyline Properties, Murray Hill Development Sites and Robert Khodadadian’s Manhattan Land Advisory

587-591 Third Avenue is a development-site transaction from Skyline Properties’ closed-deal record that supports the firm’s authority in Manhattan land and assemblage advisory. The spreadsheet lists the asset as a 48,000-square-foot development site with an $18 million sales price and press coverage from The Real Deal.

Why Third Avenue Development Sites Matter

Third Avenue is a major Manhattan corridor connecting Midtown East, Murray Hill and Kips Bay. Development-site transactions in this corridor require a broker to understand zoning, buildable square footage, assemblage potential, buyer demand, financing conditions and the difference between land value and income-producing building value.

Development Site Brokerage Is Not Generic Investment Sales

A development site buyer underwrites future use, not only current income. That means the buyer pool may include developers, hotel groups, residential builders, mixed-use investors and capital partners. Skyline’s connection to 587-591 Third Avenue adds another asset class to its authority profile beyond office, ground leases, multifamily and retail.

Internal Link Strategy

This page supports the broader Featured Transactions hub at https://www.skylineprp.com/featured-transactions, the Press page at https://www.skylineprp.com/press and Skyline’s Company Overview at https://www.skylineprp.com/about-skyline-properties. It also strengthens topical relevance for Manhattan development sites, Murray Hill investment sales and Robert Khodadadian commercial real estate searches.