The Real Deal New York

Massey Knakal turns 25 this month

November 05, 2013 11:26AM

From left: Paul Massey and Bob Knakal

From left: Paul Massey and Bob Knakal

Massey Knakal Realty Services, one of the city’s top brokerages for small and mid-sized properties, will mark its 25th anniversary this month. The firm currently has $17 billion in total sales with 175 employees, a far cry from the time when the firm only had $15,000 in the bank. Indeed in late 1990, the commercial market was so slow that Knakal and his partner Paul Massey were making cold calls and playing solitaire in the office.

“We considered going to Atlantic City and putting the $15,000 on black,” Massey Knakal chairman Bob Knakal told the New York Observer.

As they were mulling shutting the firm down, they managed to do a three-building deal on East 50th Street that kept them afloat, Knakal told the newspaper.

“Throughout that process, we kept our heads down and kept believing we could succeed, but it was a very scary time,” Knakal added.
RFR Realty’s Aby Rosen, who has worked with Massey Knakal since 1991 and is their landlord at their 275 Madison Avenue headquarters, told the Observer that the firm stood out for its integrity.

“They bring the buyer to the table by working and really advising them, even if they are on the sales side,” Rosen said. [NYO]  – Hiten Samtani

8 Responses to “Massey Knakal turns 25 this month”

  1. November 05, 2013 at 11:43 am, re4life said:

    Their graphics sure look 25 years old

    • November 05, 2013 at 2:05 pm, HughGass said:

      a book does not sell the deal, some other “larger” brokerages should learn from that. they produce material that is 75% fluff and filler.

  2. November 05, 2013 at 12:23 pm, I-Rock said:

    bring back the pony tail, bob!

  3. November 05, 2013 at 12:24 pm, guest said:

    They bring the buyer to the table by working and really advising them, even if they are on the sales side,” Rosen said.

    This last sentence doesn’t make any sense, and isn’t true. MK is a wonderful, but purely seller oriented firm.

  4. November 05, 2013 at 12:26 pm, Bold New York said:

    25 years is a long time. Congratulations!

  5. November 05, 2013 at 12:26 pm, hank said:

    MK also plays one buyer against another and calls your buyers afterwards for new product.

    • November 05, 2013 at 1:50 pm, jackdaniels2 said:

      Thats the name of the game….make them sign a form you dummy

      • November 05, 2013 at 3:14 pm, guestguest said:

        While jackdaniels has a point, hank is correct. MK is ruthless when it comes to this topic.

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