The Real Deal New York

Posts Tagged ‘bob knakal’

  • Bob Knakal and

    Bob Knakal and 985-989 Third Avenue

    Major office landlord SL Green is looking to sell a development site on the southeast corner of East 59th Street and Third Avenue directly across the street from Bloomingdale’s department store, The Real Deal has learned. [more]

  • Clockwise from top left: Bob Knakal, 2835-2875 Ocean Avenue in Sheepshead Bay and Aaron Jungreis

    Clockwise from top left: Bob Knakal, 2835-2875 Ocean Avenue in Sheepshead Bay and Aaron Jungreis

    The final building in a nine-property South Brooklyn portfolio sold for $31.5 million, according to property records filed with the city today. The 160,000-square-foot, 200-unit rental building, which was asking $34 million, is located at 2835-2875 Ocean Avenue, four blocks from Sheepshead Bay.

    Meridian Properties, which owns buildings in several Brooklyn neighborhoods, is the buyer. Massey Knakal Realty Services’ Bob Knakal and Alex Svetlakou handled the transaction for the seller, an LLC listed as Davis Management Associates. Rosewood Realty Group’s Aaron Jungreis represented Meridian. [more]

  • From left: Dolly Lenz, Bob Knakal, Vishaan Chakrabarti and Kyle Kimball

    From left: Dolly Lenz, Bob Knakal, Vishaan Chakrabarti and Kyle Kimball

    If used correctly, Twitter can be an important way to share real estate news and trends while building one’s brand. Here are 10 accounts that get it. [more]

  • Bob Knakal

    Bob Knakal

    From the March issue: Robert Knakal calls his move into the realm of mega-deals “a slow and steady progression.” Slow and steady is a bit of an understatement, considering Knakal is co-founder and chairman of the city’s largest local commercial services firm, Massey Knakal Realty Services. [more]

  • $250M Queens rental portfolio up for grabs

    February 04, 2014 08:27AM
    Bob Knakal and Kew Gardens in Queens

    Bob Knakal and Kew Gardens in Queens

    A large Queens portfolio of rental apartments worth up to $250 million has hit the market, at a time when more big developers are looking to the borough for investment opportunities. Hudson Realty Capital is looking to offload 53 buildings – comprising 1,270 apartments — in the Kew Gardens neighborhood in eastern Queens. [more]

  • From left: Bob Knakal, 415 Eighth Avenue and Savanna's Nicholas Bienstock and Chris Schlank

    From left: Bob Knakal, 415 Eighth Avenue and Savanna’s Nicholas Bienstock and Chris Schlank

    Real estate private equity company Savanna Partners has inked a deal to sell a corner development site at 415 Eighth Avenue for $65 million, The Real Deal has learned. [more]

  • hygdgd

    From left: Jeff Kaye, Rob Morgenstern, Bob Knakal and 176 East 3rd Street

    Stone Street Properties, a real estate investment firm founded in 2011 by Jeffrey Kaye and Robert Morgenstern, spent most of its first two years buying up large portfolios of multi-family units from Manhattan landlords such as Robert Koppelman and Icon Realty Management. Recently, though, the start-up has been actively selling off some of its holdings. [more]

  • smithfield

    Rendering of 215 West 28th Street and Smithfield

    HAP Investment Developers has unveiled its designs for a 117-unit, 21-story apartment building in Chelsea that will replace longtime soccer pub Smithfield. [more]

  • 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. [more]

  • Ben Bernanke

    Ben Bernanke

    Despite sending ominous signals that it would wind down an $85 billion per month bond-buying stimulus program, the Federal Reserve has decided to continue with the program responsible for record low interest rates, the agency’s chairman Ben Bernanke said yesterday. [more]

  • From left: Bob Knakal, 202 8th Street and Michael Stern

    From left: Bob Knakal, a rendering of 202 8th Street and Michael Stern

    JDS Development and Property Markets Group have sold 202 8th Street to Werber Management for $37.75 million, after nearly fully leasing out the luxury Gowanus rental building. [more]

  • From left: Perry Finkelman, 215 West 28th Street and Bob Knakal

    From left: Perry Finkelman, 215 West 28th Street and Bob Knakal

    UPDATED, 12:32 p.m., Aug. 22: American Development Group and Langsam Property Services have sold a Chelsea site for about $50 million to a mystery buyer who plans to build a 147-unit residential tower, The Real Deal has learned exclusively. [more]

  • Bob Knakal and 125 Perry Street

    Bob Knakal and 125 Perry Street

    A 40,000-square-foot West Village parking garage primed for residential conversion is set to hit the market at 125 Perry Street, The Real Deal has learned. [more]

  • From left: 111 Eighth Avenue, which saw the biggest hike in value, and Stuy-Town, which saw the biggest markdown

    From left: 111 Eighth Avenue, which saw the biggest hike, and Stuy-Town, which saw the biggest slash

    In the city’s eyes, Google’s New York City headquarters at 111 Eighth Avenue saw the greatest jump in so-called market value for the upcoming tax year, according to The Real Deal’s analysis of Department of Finance tax assessments. [more]

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  • 737 Park Avenue, which is being converted into luxury condos by Macklowe Properties

    New York City developers made a madcap dash to secure property sites in 2012, and with prices continually inching upwards, had little option but to build luxury condos, thus leaving renters and those needing affordable housing out in the cold, the New York Times reported.  [more]

  • Massey Knakal’s Jeffrey Shalom, Brian Hanson and Bob Knakal

    A nine-building beachfront portfolio in South Brooklyn has hit the block for $124 million, the New York Observer reported. The properties span a three-mile strip passing through Brighton Beach, Sheepshead Bay and Gravesend. All in all, the portfolio accounts for some 580,000 square feet and contains 652 rent-stabilized units, which the owner wants to sell in one fell swoop. [more]

  • Midtown West lots trade for $33.5M

    January 02, 2013 12:30PM

    320 West 36th Street

    Raber Enterprises has paid $33.5 million for three adjacent commercial lots in Midtown West, and is likely to develop a hotel on the site, The Real Deal has learned. The deal for 320 West 36th Street, an 8,145 square-foot lot, 321 West 35th Street, a 3,521 square-foot-lot, and 325 West 35th Street, a 1,760 square-foot lot, closed on Dec. 18. An executive from Raber who declined to be named said the site would be developed for commercial use…. [more]

  • The West 37th Street sites and Joseph Chetrit

    The Chetrit Group has closed on its purchase of a Hudson Yards development site, despite an ongoing legal battle at the property between the site’s former owner and its lender, Fortress Credit.

    Chetrit, the company behind the ongoing renovation of the Hotel Chelsea, paid $26.5 million for the four adjacent lots at 541­–545 West 37th Street and 540-544 West 38th Street, according to public records filed today with the city. The site, which is zoned for dense commercial and limited residential uses, was marketed by Massey Knakal Realty Services. It has 172,813 square feet of “as-of-right” development potential, and up to 373,275 square feet of development potential through additional incentives. [more]

  • Debra LaChance of Corcoran and Robert Knakal of Massey Knakal

    In the years since the market crash in 2008, a growing number of residential brokers have switched sides, and are now handling commercial deals, the New York Times reported. Although the market has improved since the crash, residential brokers are still seeking ways to enhance revenue flow. At the same time, many foreign purchasers, who do not see a difference between residential and commercial brokers, are giving them business.

    “If [foreign buyers] want to do a commercial deal,” Robert Knakal, chairman and founding partner of Massey Knakal, told the Times, “they will often choose to go with the same broker who sold them their apartment.” [more]

  • From left: 24 East 39th Street (credit: PropertyShark) and Shlomo Bakhash

    Just weeks after Kash Group President Shlomo Bakhash purchased the 30,000-square-foot former Williams Club, he has put it back on the market. Unnamed sources told the New York Observer that would-be buyers have demonstrated interest in prices well above the $9 million that Bakhash paid last month.

    City records show that Bakhash bought the 24 East 39th Street building, which housed events and lodging spaces for alumni of Williams College in June for $9.02 million. According to the Observer, he had planned to use the property as a hotel for business types. [more]