SOLD
Kaufman Organization Acquires Ground Lease Office In Chelsea For $35M
135 West 29th Street
Office
86,000 SF
86,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Office
86,000 sqft
135 W. 29th St. in Chelsea has been sold in a ground lease transaction. The asset, an office building spanning 86,000 square feet, was purchased by Kaufman Organization for $35,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $35,000,000
- Address: 135 W. 29th St.
- Market: Chelsea
- Asset Type: Office
- Square Footage: 86,000
The ground lease deal was negotiated and completed off-market by Robert Khodadadian and Daniel Shirazi. Ground leases offer a tax-efficient structure that benefits both parties involved. This transaction, similar to the ground lease Skyline Properties facilitated with the Kaufman Organization at 236 5th Avenue, provides a hassle-free income stream for multi-generational owners.
For more information on ground leases and off-market deals, interested parties can contact:
Robert Khodadadian:
☎️ 212-286-8772
📧 [email protected]
Daniel Shirazi:
☎️ 212-380-3447
📧 [email protected]
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: LEASE
IMAGE: Michael Kazmierski, Lorenzo Bakewell-Stone, Daniel Shirazi, Robert Khodadian
DATE: 03/24/2021
ADDRESS: 135 W. 29th St.
MARKET: Chelsea
ASSET TYPE: Office ~ SF: 86,000
BUYER: Kaufman Organization
BROKERS: @Robert_Khodadadian & Daniel Shirazi (@ShiraziEsq) - @SkylineProperties @GroundLease
PRICE: $35,000,000
NOTE FROM BROKER: This generational asset was negotiated and completed off market by Robert Khodadadian and Daniel Shirazi. Ground leases provide a tax-efficient structure that benefit both parties. Similar to the ground lease Slyline Properties did with the Kaufman Organization at 236 5th Avenue, ground leases provide a great solution for multi-generational owners who now benefit from a hassle-free income stream for generations. For more information on ground leases please visit - https://www.groundlease.nyc/ - If you are considering a ground lease or if you are in the market for off market deals please contact:
👤Robert Khodadadian
☎️ 212-286-8772
📧 [email protected]
👤Daniel Shirazi
☎️ 212-380-3447
📧 [email protected]View on map
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Address135 West 29th Street
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