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 20 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 $135M, 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 ($135M office-to-residential conversion), 101 Greenwich Street ($105M FiDi office), 236 Fifth Avenue ($65M ground lease), and numerous other landmark deals throughout NYC.

What was the sale price of 131-133 Prince Street?

131-133 Prince Street sold for $50M in 2014. Robert Khodadadian of Skyline Properties brokered the transaction.

Who bought 131-133 Prince Street?

Acadia Realty Trust acquired 131-133 Prince Street in 2014 for $50M. The deal was brokered by Robert Khodadadian, Skyline Properties.

Who sold 131-133 Prince Street?

Louis Meisel sold 131-133 Prince Street in 2014 to Acadia Realty Trust. Robert Khodadadian of Skyline Properties represented the seller.

When did 131-133 Prince Street sell?

131-133 Prince Street closed in 2014 at $50M. Brokered by Robert Khodadadian, Skyline Properties.

131-133 Prince Street Retail sold for $50M - Investment Sale (2014) to Acadia Realty Trust in Soho - Skyline Properties NYC commercial real estate

Investment SaleRetailClosed 2014

Robert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — 131-133 Prince Street

Soho · New York, NY 10012

Closed Price

$50M

Building Size

3,000 SF

Buyer

Acadia Realty Trust

Deep Dive

Read the full 131-133 Prince Street case study

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Transaction Overview

The property asset involved in this transaction is located at 131-133 Prince St, New York. It is classified as a SoHo retail co-op asset. The transaction was finalized on August 31, 2014, for a total price of $50,000,000 ($16,667/SF — a record at the time for SoHo retail). Summary of transaction details: Property Type: Retail Co-op Transaction Amount: $50,000,000 Buyer: Acadia Realty Trust Seller: Lou Meisel Brokers: Robert Khodadadian - Skyline Properties This transaction highlights the involvement of Acadia Realty Trust as the buyer and Lou Meisel as the seller. The deal was facilitated by broker Robert Khodadadian from Skyline Properties, who represented the interests of the seller in this transaction.