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 1340 Lafayette Avenue?

1340 Lafayette Avenue sold for $10.85M in 2021. Robert Khodadadian of Skyline Properties brokered the transaction.

Who bought 1340 Lafayette Avenue?

Wildflower Ltd. (Robert De Niro's Wildflower Studios) acquired 1340 Lafayette Avenue in 2021 for $10.85M. The deal was brokered by Robert Khodadadian, Skyline Properties.

Who sold 1340 Lafayette Avenue?

Long Island LLC sold 1340 Lafayette Avenue in 2021 to Wildflower Ltd. (Robert De Niro's Wildflower Studios). Robert Khodadadian of Skyline Properties represented the seller.

When did 1340 Lafayette Avenue sell?

1340 Lafayette Avenue closed in 2021 at $10.85M. Brokered by Robert Khodadadian, Skyline Properties.

1340 Lafayette Avenue Industrial sold for $10.85M - Investment Sale (2021) to Wildflower Ltd. (Robert De Niro's Wildflower Studios) in Hunts Point - Skyline Properties NYC commercial real estate

Investment SaleIndustrialClosed 2021

Robert Khodadadian — Skyline Properties — Manhattan Commercial Real Estate — 1340 Lafayette Avenue

Hunts Point · Bronx, NY 10474

Closed Price

$10.85M

Building Size

110,000 BSF

Buyer

Wildflower Ltd. (Robert De Niro's Wildflower Studios)

Transaction Overview

Hunts Point industrial site acquired by Wildflower Ltd for Robert De Niro's Wildflower Studios expansion. Adjacent to Amazon warehouse. Three properties located at 1340 Lafayette Avenue, 749 Whittier Street, and 745 Whittier Street in Hunts Point, Bronx, were recently involved in a closed industrial property sale transaction. The sale was completed on 06/02/2021 for a total price of $10,850,000. The properties have a combined square footage (BSF) of 54,200 and a price per square foot (PPBSF) of $200. Summary of transation details Property Type: Industrial Transaction Amount: $10,850,000 Properties Addressed: 1340 Lafayette Avenue, 749 Whittier Street, 745 Whittier Street Market: Hunts Point, Bronx Buyer: Wildflower - Raphael De Niro, Adam Gordon, and David Johnson Seller: The Lanteri Family The buyer side of the transaction was represented by Raphael De Niro, Adam Gordon, and David Johnson from Wildflower. The seller, The Lanteri Family, negotiated the transaction off-market. The deal was facilitated by brokers Robert Khodadadian and Daniel Shirazi from Skyline Properties NYC.