Commercial broker Robert Khodadadian has left Eastern Consolidated to devote all his time to off-market deals with Skyline Properties, a company he founded before the recession.
“Nobody wants to deal with exclusives,” Khodadadian told TRD last month. “I can’t count how many times a buyer has told me that when they see an email from a big company, they delete it.”
Khodadadian began with Massey Knakal in 2004. During the boom, he struck out on his own. Skyline had two offices at its height — one in Great Neck and one on Park Avenue. Khodadadian let the company wind down when the financial crisis hit. Last year, he joined up with Adelaide Polsinelli when she defected from Marcus & Millichap to Eastern Consolidated.
This spring, Khodadadian decided to re-invigorate Skyline to seize on the uptick in commercial sales spurred by low interest rates.
“The market is going up, people are getting offers to flip,” he said, but they are more and more likely to do off-market, or “quiet,” transactions.
Being on his own allows him to move faster, which Khodadadian told TRD is increasingly important to both sellers and buyers.
Right now, Khodadadian is working out of an executive suite rental at 400 Park Avenue but expects to move to bigger, more permanent space when he brings on employees — at a yet undetermined time. Plans call for a staff of eight to 10, besides himself.
“It’s really not necessary at the moment,” he said.