The Real Deal New York

Posts Tagged ‘Robert Knakal’

  • Perlbinder-sm

    245 East 36th Street (Photo: Microsoft)

    Perlbinder Realty, the Manhattan real estate firm led by brothers Stephen and Mark Perlbinder, won its third extension for a long-delayed mixed-use high-rise planned for Second Avenue between 36th and 37th streets, partly spanning an entrance to the Queens Midtown Tunnel.

    The site is a large one, and so is the question mark about its future. The owners have not developed it since first winning approvals from the city in 2002. At the moment, the property has a parking lot on part of the land. The north portion is occupied by a ramp providing access to the Queen Midtown Tunnel, which is operated by the Metropolitan Transportation Authority. [more]

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  • Baxter-Farley-Shapiro-Knakal

    From left: Richard Baxter, James A. Farley post office (Credit: Google), Robert Shapiro and Robert Knakal

    Several of the city’s top investment sales firms made their case this week to win the right to broker the sale of 1.5 million square feet of excess development rights as part of the larger Moynihan Station redevelopment plan, sources told The Real Deal. [more]

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  • From left: Bob Knakal and James Nelson

    From left: Bob Knakal and James Nelson

    Tishman Speyer is inching closer to buying a 1.2 million-square-foot site in Hudson Yards asking more than $200 million, the New York Post reported, citing unnamed sources.

    In January, the Rosenthal family recruited Bob Knakal and James Nelson of Massey Knakal Realty Services to market the parcels, which stretch from West 35th to West 34th streets between 10th Avenue and an as yet undeveloped Hudson Boulevard, as previously reported. The addresses are 507 West 34th Street, 510-28 West 35th Street and 435 10th Avenue. [more]

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  • 140 East 63rd Street and Bob Knakal

    140 East 63rd Street and Bob Knakal

    Pan-Am Equities, owned by members of the prominent Manocherian family, paid $48.2 million for two commercial condominiums on the Upper East Side, according to property records filed with the city today. The commercial condos, located at 140 East 63rd Street near Lexington Avenue, total about 45,000 square feet of space. They are currently leased to popular fitness establishments Equinox and SoulCycle, which have about eight years left on their leases. [more]

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  • brickman

    53-55 First Avenue and Jonathan Hageman

    The two-building East Village site that has long housed the H. Brickman & Sons hardware store is now on the market for $14 million.

    The five-story properties at 53-55 First Avenue, between East 3rd and East 4th streets, contain a total of roughly 18,000 square foot, including one commercial unit and 22 apartments. Twelve of the apartments are rent-stabilized, while nine are fair market. One is rent-controlled. Massey Knakal Realty Services’ team of Robert Knakal, James Nelson, Jonathan Hageman, Matthew Nickerson and Patrick Yannotta has the listing. [more]

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  • carriage

    From left: Central Park Carriages, a horse-drawn carriage and West Side Livery

    As Mayor Bill de Blasio pushes to ban horse-drawn carriages from Central Park, developers and investors are on the prowl for the city’s stables. The owners of four stables, including carriage driver Cornelius Byrne of Central Park Carriages on West 37th Street, are regularly contacted with offers. [more]

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  • From left: Stephen Green, Bill de Blasio and Stephen Ross

    From left: Stephen Green, Bill de Blasio and Stephen Ross

    Now we know why developers who attended a closed-door meeting with Mayor Bill de Blasio earlier this week seemed encouraged by what they heard. [more]

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  • brighton-beach-portfolio

    125 Brighton 11th Street and Alex Svetlakou

    An eight-building beachfront portfolio in South Brooklyn has changed hands for $78 million.

    The properties line a three-mile stretch through Gravesend Bay, Sheepshead Bay and Brighton Beach. The rental portfolio includes Manhattan Beach Estates at 200 and 210 Brighton 15th Street, as well as 211, 1511 and 1521 Brightwater Avenue, 125 Brighton 11th Street and 357 Avenue P. There is a total of more than 416,000 square feet and 452 rent-stabilized units in the package. [more]

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  • knakal

    Robert Knakal

    Sales volume for all New York City properties will reach a record $63 billion this year, soaring 68 percent from last year, Massey Knakal Realty Services chairman Robert Knakal reportedly predicted today.

    A variety of factors that the firm tracks indicate a surge this year, Knakal claimed, noting that dollar volume of New York City investment property trades is up 35 percent since 2011 (last year’s figures, Knakal said, were skewed by the flurry of trades in the face of the fiscal cliff). [more]

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  • From left: Bob Knakal and James Nelson

    From left: Bob Knakal and James Nelson

    A 1.2 million-square-foot site in Hudson Yards has hit the market and is expected to fetch around $200 million.

    The parcels, which stretch from West 35th to West 34th streets between 10th Avenue and an as of yet undeveloped Hudson Boulevard, is to be marketed by Massey Knakal Realty Services Chairman Bob Knakal and James Nelson. The Rosenthal family hired the duo to handle the parcels at 435 10th Avenue, 507 West 34th Street and 510-28 West 35th Street. [more]

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  • From left: Bob Knakal, 511 West 35th Street and Eliot Spitzer

    From left: Bob Knakal, 511 West 35th Street and Eliot Spitzer

    UPDATED, 9:01 a.m., Dec. 27: Dealing with divorce doesn’t seem to be slowing Eliot Spitzer down. The former New York governor’s family-run development firm Spitzer Enterprises has bought a block-long development site at Hudson Yards from Alloy Development for $88 million, according to city records filed today. [more]

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  • From left: Savanna's Nicholas Bienstock and Christopher Schlank and Massey Knakal's Robert Knakal

    From left: Nicholas Bienstock, Christopher Schlank and Robert Knakal

    The parking options by Madison Square Garden are about to slim down even more.

    The Savanna Partners-owned 50-by-137-foot parking lot on the southwest corner of Eighth Avenue and 31st Street is now up for grabs, with Robert Knakal of Massey Knakal tapped to market the parcel. Savanna purchased the lot back in 2007, and partner Nicholas Bienstock said that they “can now sell it to someone who can build condos or residential rentals.” [more]

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  • Community-Garden-537x355

    Bill de Blasio, a vacant lot in Brooklyn and Robert Knakal

    WEEKENDEDITION A new tax hike on vacant land could soon force owners to make a decision: build or sell. As Public Advocate, Bill de Blasio pushed for the tax, which would affect some 10,500 lots throughout the city, but as mayor, de Blasio has pledged to see his plan through. [more]

    6 Comments
  • Slone-Broadway-Knakal-Shapiro

    From left: Jordan Slone, 3499 Broadway (Credit: PropertyShark), Robert Shapiro and Robert Knakal

    Apartment landlord Heritage Real Estate Partners paid Harbor Group International and Jadam Equities $45 million for a four-building Hamilton Heights portfolio once owned by Vantage Properties and Area Property Partners. [more]

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  • From left: Robert Knakal and 511 West 35th Street

    From left: Robert Knakal and 511 West 35th Street

    Alloy Development is selling one of its sites near Hudson Yards — and expects to get $75 million for the deal. [more]

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  • Petkoff-Knakal-287-Laboz

    From left: Nick Petkoff, Robert Knakal, 287 Broadway (Photo credit: PropertyShark) and Albert Laboz

    The Laboz family’s United American Land yesterday closed on the purchase of the six-story cast-iron building 287 Broadway, at the corner of Reade Street near City Hall in Tribeca, for $8 million, Albert Laboz, a principal of the purchaser, told The Real Deal. [more]

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  • Bob-Knakal,-275-Madison

    Bob Knakal, Massey Knakal headquarters at 275 Madison Avenue

    New York City investment sales dropped 6 percent in the first half of this year, to $13.3 billion compared with the same six months last year, according to data released this morning by commercial firm Massey Knakal Realty Services.

    Despite the slow start, 2013’s sales volume will be about on par with last year’s $41 billion because of large office building deals, predicted Chairman Robert Knakal. At the company’s Midtown headquarters, Knakal told reporters that the average price per square foot, now at $470, will climb as well. [more]

    4 Comments
  • John Lam

    John Lam

    Prolific hotel builder John Lam is buying a parking garage on a mid-block, block-long site between West 24th and West 25th Streets, with plans to raze the structure and set up a 270,000-square-foot hotel tower in its place, Crain’s reported.

    The spot is Lam’s second planned building in the area: he already aims to break ground next year on a 300,000-square-foot hotel that will run along Broadway from West 29th to West 30th streets. [more]

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  • Gary Barnett, 1780 Broadway, the site of the new tower, and a rendering of Building 2

    Yesterday, Extell head Gary Barnett and partner the Carlyle Group sold the Building 2 site at the Riverside Center development for $70 million, as Extell begins raising capital for its new 57th Street tower — currently poised to become the tallest residential building in the U.S., the New York Post reported. The buyers of the complicated $420 million development were Dermot and AFL-CIO Building Investment Trust. The project calls for 616 residential rentals, retail space and a school and has a $275 million state Housing Finance Agency bond mortgage with credit enhancements through Bank of America and Capital One.  When the 640,000-square-foot Building 2, which is located at the southwest corner of West 61st Street, it will be known as 21 West End Ave. … [more]

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  • From left: Ben Ashkenazy, 4168 Broadway

    Investor Ben Ashkenazy of Ashkenazy Associates has paid $19 million for a pair of retail properties in Harlem, Crain’s reported.

    The deal includes a vacant theater on West 146st Street—the former RKO Hamilton Theater—and an adjacent three-story retail building occupied by an El Mundo department store. Also included is a vacant land parcel next door to the theater on West 147th, which can accommodate up to 20,000-square-feet of development, Crain’s said. [more]

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