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.
Kaufman signed a 99-year ground lease with owner MFM Properties for the 12-story office building at 135 West 29th Street between Seventh Avenue and Avenue of the Americas, according to Kaufman.
Skyline Properties NYREJ Company of the MonthSkyline Properties – Brokering outside the box: Off-market deals, ground leases and customized canvassing
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.
Kaufman inking ground leaseSister act: Kaufman inking ground lease for NoMad office building The Real Deal Skyline Properties Robert Khodadadian Daniel Shirazi
Is the ground lease a COVID-19 savior?The declining retail market coupled with the COVID-19 pandemic has left many real estate investors in limbo. Buyers are uncertain what the future may bring and are thus not inclined to buy in this market.
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
Kaufman Organization Closes on $35M Haymarket Building Ground LeaseThe 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.
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
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.
St. Mark’s portfolio under contractFour-building St. Mark’s Place multifamily portfolio under contract for $44M The Real Deal Robert Khodadadian Skyline Properties
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
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.
Khodadadian Executive of MonthExecutive of the Month Robert Khodadadian of
Skyline Properties: An Entrepreneur Evolving with Changing Markets, Providing Optimal Results
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.
Skyline triples its NYC footprintwith 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 leaseTenant inks 99-year ground lease for Bargain World spot The Real Deal Skyline Properties Robert Khodadadian
Considering a ground lease?Consider these questions when vetting prospective ground tenants - by Robert Khodadadian
2020 Ones to Watch: Daniel ShiraziWhich 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 PortfolioKaufman Expands Midtown Manhattan Portfolio Commercial Property Executive Skyline Properties Robert Khodadadian Daniel Shirazi
NYREJ Year in Review 2018Year in Review 2018: Robert Khodadadian, Skyline Properties -
Since inception Skyline Properties has prided itself on strictly off-market deals and our ability to efficiently and effectively customize canvass for our clients. For Skyline, 2018 was the year that we honed the customized canvassing tools we have developed which enabled us to close successful transactions for our clients, which in turn created an organic expansion of our Investment Sales Team.
Real Estate Weekly Who's NewsSkyline Properties announced the hiring of three new executives. Real Estate Weekly Who's News
Khodadadian Strikes Out On His OwnRobert Khodadadian Strikes Out On His Own Again The Real Deal Skyline Properties
NYREJ discuss their 30th AnniversaryWhat year did you discover the NYREJ and how has been a beneﬁt to you and/or your business? I was ﬁrst made aware of NYREJ when their publishing director, Kristine Wolf reached out to me in 2013 to congratulate me on opening Skyline and to inform me that she was on our new company website and noticed a typo on the word “syndication.”
NYREJ 2019 Ones to WatchWho or what do you attribute to your success?..I attribute my success, to my ability to think outside of the box. In an industry set with many standards, I have been able to find new ways to make deals happen and solve the many problems that arise. Many people will follow a simple path, but every seller and buyer have their own unique interests which must be settled to come to a mutual agreement between the parties. Once you figure that out, the job becomes much easier.
Skyline Properties handle $3.2MMRobert 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 101Ground leases 101: Creativity is required New York Real Estate Journal Skyline Properties Daniel Shirazi
Skyline Properties Issues StatementSkyline Properties Issues Mission Statement Real Estate Weekly Skyline Properties Robert Khodadadian
Skyline Expands Footprintby more than three times 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
Nonprofit Sells Midtown PropertiesNonprofit Sells Midtown Properties to Moin, John K. Rapp for $18M The Real Deal Skyline Properties Robert Khodadadian
Khodadadian Brokers $2.5 M SaleRobert Khodadadian Brokers $2.5 Million Sale New York Real Estate Journal
Rainmaker Aiming to be His Own..Rainmaker Robert Khodadadian Aiming to be His Own Headline Act Real Estate Weekly
Skyline Hires Daniel Shirazi Esq.Skyline Properties has hired Daniel Shirazi to spearhead the firms expansion.
521-523 E 12th St. Sell for $10MTwo Five-Story Walk-Ups at 521-523 E 12th St. Sell for $10M New York Real Estate Journal Robert Khodadadian
Shirazi joins Skyline PropertiesShirazi joins Skyline Properties as senior director of sales New York Real Estate Journal Daniel Shirazi
ML7 buys commercial space in TribecaML7 buys commercial space at Tribeca condo building for $18M The Real Deal Robert Khodadadian Skyline Properties
Hidrock Realty to Build a 150,000SFHidrock Realty to Build a 150,000SF, 33-Story Building New York Real Estate Journal Robert Khodadadian
Blaichman Pays $25M for siteCB Developers to pay $25M for site next to Murray Hill project The Real Deal
Sam Chang’s Whitehouse Hotel in ContSam Chang’s Whitehouse Hotel in Contract for $12M Commercial Observer Skyline Properties Robert Khodadadian
Acadia eyeing Soho retail co-opAcadia eyeing Soho retail co-op for $50M The Real Deal Skyline Properties Robert Khodadadian
Harlem Building 99-year Ground LeaseFormer Bargain World Building in Harlem Picked Up in 99-Year Ground Lease Commercial Observer Skyline Properties Robert Khodadadian
Khodadadian reintroduces SkylineRobert Khodadadian reintroduces Skyline Properties: Focuses on the sale of off-market properties in the N.Y.C. metro area New York Real Estate Journal
Khodadadian reinvigorates SkylineRobert Khodadadian reinvigorates Skyline to seize on the uptick in commercial sales; To create off market opportunities to provide sellers discretion The New York Real Estate Journal