top of page
 |  |  |  |  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. |
|---|---|---|---|---|
 Robert Knakal, BKREA |  |  |  |  In the second quarter of 2024, the commercial real estate (CRE) market displayed encouraging signs of recovery. Despite ongoing challenges such as fluctuating occupancy and rental rates, price uncertainty, and high operational and financing costs, the market demonstrated resilience with approximately $2.83 billion in dollar volume, representing a 108% increase from the previous quarter. |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  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. This leaves cash strapped owners no other option but to continue to let their property “bleed” or alternatively for owners who want to sell to keep their properties since they cannot find a replacement property via a 1031 transaction. |
 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. |  |  |
 |  Who 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. |  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 |  |  Sister act: Kaufman inking ground lease for NoMad office building The Real Deal Skyline Properties Robert Khodadadian Daniel Shirazi |
 |  Four-building St. Mark’s Place multifamily portfolio under contract for $44M The Real Deal Robert Khodadadian Skyline Properties |  |  |  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 |
 |  |  Tenant inks 99-year ground lease for Bargain World spot The Real Deal Skyline Properties Robert Khodadadian |  |  |
 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 |  |  |  Consider these questions when vetting prospective ground tenants - by Robert Khodadadian |
 Kaufman Expands Midtown Manhattan Portfolio Commercial Property Executive Skyline Properties Robert Khodadadian Daniel Shirazi |  |  New York Real Estate Journals 2020 Broker Spotlight |  |  Year 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. |
 |  Skyline Properties announced the hiring of three new executives. Real Estate Weekly Who's News |  $22.9 MILLION 79-81 Clifton Place (between Classon and Grand Avenues) 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 |
 |  Robert Khodadadian Strikes Out On His Own Again The Real Deal Skyline Properties |  Executive of the Month Robert Khodadadian of Skyline Properties: An Entrepreneur Evolving with Changing Markets, Providing Optimal Results |  |  What 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.” |
 |  by 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 |  $wells Take Bowery New York Post Robert Khodadadian |  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. |  What do you like most about your job? Funny enough that we are close to Valentines Day as I have been called a “matchmaker” by my clients many times. I love the process of finding the right buyer for a property. |
 Ground leases 101: Creativity is required New York Real Estate Journal Skyline Properties Daniel Shirazi |  |  |  72-76 Greene Street Sells for $41.5 M Globe St. Robert Khodadadian |  Skyline Properties Issues Mission Statement Real Estate Weekly Skyline Properties Robert Khodadadian |
 |  Acadia snaps up 210 Bowery The Real Deal Robert Khodadadian |  Nonprofit Sells Midtown Properties to Moin, John K. Rapp for $18M The Real Deal Skyline Properties Robert Khodadadian |  Robert Khodadadian Brokers $2.5 Million Sale New York Real Estate Journal |  |
 Rainmaker Robert Khodadadian Aiming to be His Own Headline Act Real Estate Weekly |  |  Skyline Properties has hired Daniel Shirazi to spearhead the firms expansion. |  Two Five-Story Walk-Ups at 521-523 E 12th St. Sell for $10M New York Real Estate Journal Robert Khodadadian |  |
 Shirazi joins Skyline Properties as senior director of sales New York Real Estate Journal Daniel Shirazi |  ML7 buys commercial space at Tribeca condo building for $18M The Real Deal Robert Khodadadian Skyline Properties |  Hidrock Realty to Build a 150,000SF, 33-Story Building New York Real Estate Journal Robert Khodadadian |  CB Developers to pay $25M for site next to Murray Hill project The Real Deal |  |
 |  Moin Development to buy Sutton Place rentals for $19M |  |  Sam Chang’s Whitehouse Hotel in Contract for $12M Commercial Observer Skyline Properties Robert Khodadadian |  Acadia eyeing Soho retail co-op for $50M The Real Deal Skyline Properties Robert Khodadadian |
 |  Sam Chang, McSam investor to sell East Village hostel |  Former Bargain World Building in Harlem Picked Up in 99-Year Ground Lease Commercial Observer Skyline Properties Robert Khodadadian |  Robert Khodadadian reintroduces Skyline Properties: Focuses on the sale of off-market properties in the N.Y.C. metro area New York Real Estate Journal |  Robert 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 |
 Robert Khodadadian's Skyline Properties completes $120 million in first year New York Real Estate Journal |  Robert Khodadadian makes the list for NYREJ's Young and Established |  Daniel Shirazi of Skyline Properties award Real Estate Weekly's 2018 Rising Star |  |  Skyline Properties CEO, Robert Khodadadian, unveils the commercial brokerage firm's 2015 game plan New York Real Estate Journal |
 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 |  |
1/24
bottom of page