What is an off-market real estate transaction?

An off-market transaction is a private real estate sale that occurs without public advertising or MLS listing. Skyline Properties specializes in these confidential deals, allowing sellers to maintain privacy while connecting with qualified buyers through our exclusive network. This approach is ideal for high-net-worth individuals and institutional investors seeking discretion.

What is a ground lease and how does it work in NYC?

A ground lease is a long-term arrangement (typically 99 years in NYC) where a landowner leases land to a tenant who develops or uses the property. The tenant pays rent for the land while owning any improvements. Robert Khodadadian and Skyline Properties are leading experts in ground lease structuring, helping both landowners monetize their assets and developers secure prime Manhattan locations at reduced upfront costs.

Who is Robert Khodadadian?

Robert Khodadadian is the Founder, President & CEO of Skyline Properties, Manhattan's premier off-market investment sales brokerage. With over 19 years of experience and $976M+ in transactions across 32+ deals, he is recognized as a leading expert in ground leases, off-market sales, and office conversions. He has been featured in 250+ publications including Commercial Observer, The Real Deal, and NYREJ, and is a RED Awards winner for 2024 and 2025.

What areas does Skyline Properties serve?

Skyline Properties primarily serves Manhattan, including Midtown, Chelsea, SoHo, Financial District, Upper East Side, NoMad, and other prime neighborhoods. We also work throughout the greater NYC area including Brooklyn, Queens, and the Bronx, as well as select opportunities in New Jersey.

What is the 467-m tax abatement for office conversions?

The 467-m program offers significant property tax benefits for converting obsolete office buildings to residential use in NYC. Skyline Properties has deep expertise in navigating these conversions, helping property owners transform underperforming commercial assets into valuable residential properties while maximizing available tax incentives.

How do I sell my commercial property off-market in NYC?

Contact Skyline Properties for a confidential consultation. Robert Khodadadian and team will assess your property, provide a valuation, and leverage our extensive network of institutional buyers, family offices, and high-net-worth investors to identify qualified purchasers discreetly. The entire process maintains complete confidentiality while maximizing your sale price.

What types of properties does Skyline Properties handle?

Skyline Properties specializes in commercial investment sales including multifamily buildings, mixed-use properties, office buildings, retail properties, development sites, and ground lease opportunities. Our transactions have ranged from $1.25M to $140M, demonstrating expertise across all deal sizes in the Manhattan market.

What is Skyline Properties' track record?

Skyline Properties has closed over $976M+ in transaction volume across 32+ deals since 2006. Our team has been featured in 250+ press articles across 20+ publications and received multiple industry awards including RED Awards "Off Market Investment Sales Broker of the Year" in 2024 and 2025. Notable transactions include 6 East 43rd Street ($140M office-to-residential conversion), 101 Greenwich Street ($105M FiDi office), 236 Fifth Avenue ($65M ground lease), and numerous other landmark deals throughout NYC.

Investment Strategy•20 min read•February 1, 2026

The Complete Guide to Commercial Real Estate Investing in NYC

Everything you need to know about investing in NYC commercial real estate: asset types, market dynamics, due diligence, financing, and working with the right broker.

Robert Khodadadian|Discuss a confidential opportunity

New York City is the world's premier commercial real estate market. With over $1 trillion in commercial property value across Manhattan alone, the city offers unmatched investment opportunities for institutional and private capital. This comprehensive guide covers everything investors need to know about NYC commercial real estate.

NYC Commercial Real Estate Asset Types

Office buildings: Class A trophy towers to boutique creative spaces
Multifamily: Rent-stabilized portfolios, free-market luxury, and value-add opportunities
Retail: High-street luxury retail, neighborhood commercial, and mixed-use
Industrial: Last-mile logistics, creative studios, and Bronx/Queens warehouse conversions
Development sites: Ground-up residential, mixed-use, and conversion opportunities
Ground leases: 99-year structures for multigenerational wealth preservation

Understanding NYC Commercial Real Estate Market Dynamics

NYC commercial real estate operates differently from other markets. Key factors include: 1031 exchange demand from California and Florida investors, ground lease structures unique to Manhattan, rent stabilization regulations affecting multifamily, and the 467-m tax abatement driving office-to-residential conversions.

Due Diligence for NYC Commercial Properties

Thorough due diligence in NYC commercial real estate requires analysis of: title and survey, zoning and air rights, environmental conditions, building systems and capital needs, rent rolls and lease abstracts, tax certiorari proceedings, and operating expense benchmarks.

Financing NYC Commercial Real Estate

The NYC commercial real estate financing landscape includes traditional banks, CMBS, life insurance companies, debt funds, and agency lending for multifamily. Typical leverage ranges from 55-75% LTV depending on asset quality, sponsorship, and market conditions.

Working with a Commercial Real Estate Broker in NYC

The right broker is essential for success in NYC commercial real estate. Key factors: track record of closed transactions, market knowledge and proprietary data, access to off-market opportunities, relationship network with owners and operators, and understanding of complex deal structures including ground leases and conversions.

Why Skyline Properties for NYC Commercial Real Estate

Skyline Properties has closed $976M+ in NYC commercial real estate transactions across 32+ deals. Led by Robert Khodadadian, our firm specializes in off-market investment sales, ground leases, and office-to-residential conversions. With 250+ press features across 20+ publications and RED Awards recognition in 2024 and 2025, we bring institutional credibility and proprietary deal flow to every engagement.

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