Tri-state roundup: These New Jersey and Long Island deals aren’t turkeys – Robert Khodadadian

A 1031 tax exchange leads this week’s roundup of suburban New York real estate news. Tax shelter triggers $22M deal Reynolds Asset Management sold a new five-story building in Bound Brook, New Jersey, for $22 million. The deal was made with an undisclosed buyer looking for a 1031 exchange. Mosaic on Main includes 63 residential units and a 1,600-square-foot retail space. The Somerset County property’s amenities include a fitness center. The Kislak Company brokered the

 A 1031 tax exchange leads this week’s roundup of suburban New York real estate news. Tax shelter triggers $22M deal Reynolds Asset Management sold a new five-story building in Bound Brook, New Jersey, for $22 million. The deal was made with an undisclosed buyer looking for a 1031 exchange. Mosaic on Main includes 63 residential units and a 1,600-square-foot retail space. The Somerset County property’s amenities include a fitness center. The Kislak Company brokered the
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Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.