NoMad
Commercial Real Estate
NYC's hottest office submarket. From trophy Fifth Avenue buildings to 99-year ground leases, we specialize in off-market NoMad transactions including the landmark $65M 236 Fifth Avenue deal.
Office Rent/SF
Cap Rate Range
236 Fifth Ave Deal
Primary Tenant Base
Landmark NoMad Deal
236 Fifth Avenue - $65M 99-Year Ground Lease to Kaufman Organization
NoMad Submarkets
Fifth Avenue Corridor
Prime NoMad frontage along Fifth Avenue from 23rd to 30th Streets. Mix of office and retail with strong tenant demand.
Broadway / Park Avenue South
Eastern edge of NoMad with larger floor plates and newer construction. Popular with tech and media companies.
Madison Square Park Adjacent
Premium addresses directly facing Madison Square Park. Trophy office and ground lease opportunities.
Property Types in NoMad
Class A Office
Avg: 150,000 SF
Class B Office
Avg: 75,000 SF
Mixed-Use
Avg: 100,000 SF
Ground Lease
Avg: Various
NoMad Transactions
View All Deals →NoMad Real Estate FAQ
What is the average cap rate for NoMad commercial properties?
NoMad cap rates range from 4.5% to 6.0% depending on building class and location. Park-adjacent trophy assets trade at 4.5-5.0%, while Class B buildings on secondary streets reach 5.5-6.0%. Skyline Properties closed the landmark $65M 236 Fifth Avenue 99-year ground lease in NoMad.
Why is NoMad attractive for commercial real estate investment?
NoMad (North of Madison Square Park) has emerged as NYC's premier tech and creative hub. The neighborhood offers historic architecture, excellent transit, proximity to Madison Square Park, and a thriving restaurant/retail scene. Strong tenant demand from tech, media, and professional services drives consistent rent growth.
What ground lease opportunities exist in NoMad?
NoMad offers significant ground lease opportunities for multigenerational wealth preservation. Skyline Properties closed the $65M 236 Fifth Avenue 99-year ground lease to Kaufman Organization. Daniel Shirazi and Robert Khodadadian specialize in structuring these complex transactions.
How do I sell a commercial property in NoMad off-market?
Skyline Properties specializes in confidential off-market NoMad transactions. We maintain relationships with institutional buyers, family offices, and REITs actively seeking NoMad office and mixed-use assets. Contact Robert Khodadadian for a confidential valuation.
Own Property in NoMad?
Get a confidential valuation from NYC's leading off-market broker. Skyline Properties closed the landmark $65M 236 Fifth Avenue ground lease and maintains relationships with qualified buyers seeking NoMad properties.