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Massey Knakal Realty Services

275 Madison Avenue, Third Floor
New York, NY 10016
(212) 696-2500
massey-knakal
Massey Knakal Realty Services

Massey Knakal Realty Services was one of New York City largest investment-sales brokerages. It represented owners exclusively and was started in 1988 by Robert Knakal and Paul Massey Jr., its chairman and CEO, respectively. Cushman & Wakefield acquired the firm in late 2014 for approximately $100 million.

The brokerage operates under a rather novel territory system, wherein it divides the city into nearly 50 different geographic areas that brokers in each then focus on. The system is not without controversy, as brokers outside of geographic areas must pay parts of their commissions from deals done inside those areas to the brokers who focus on them. Still, the system, as well as a focus on just about every size, type and class of building or site, helped Massey Knakal grow relatively quickly into a major player in the New York City area (it focuses not only on the five boroughs, but on Westchester County, Long Island and northern New Jersey). In 2011, for instance, Massey Knakal brokered 142 deals under $50 million, more than any other brokerage.

Since 1988, it has brokered more than 4,200 transactions worth an aggregate total of $15 billion. The firm grew from Massey and Knakal to more than 100 employees in four offices, including its headquarters at 275 Madison Avenue. The brokerage launched a retail leasing wing in early 2011 under Winick Realty's former president Benjamin Fox.


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Paul Massey isn’t used to being considered an also-ran. But unlike in his real estate career, he’s yet to be taken seriously in politics. The...

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UPDATED, 10:43 a.m., Oct. 19: Doug Harmon and Adam Spies had a good thing going at Eastdil Secured. The duo brokered some of the city’s...

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10/06/16
Eastdil Secured’s Doug Harmon and Adam Spies, who head the top investment sales team in New York City, are jumping ship to Cushman & Wakefield,...

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08/09/16
SL Green Realty’s vice president of leasing has left the company to dedicate his time to team Massey. David Amsterdam, 35, left the real estate investment...

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08/04/16
UPDATED, Aug. 4, 4:35 p.m.: Paul Massey is making his bid for City Hall official today. The president of investment sales at Cushman & Wakefield plans...

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07/01/16
...Bedford Avenue in Crown Heights (credit: Massey Knakal Realty Services) Yoel Goldman’s All Year Management is gearing up for...

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06/14/16
Following its $2 billion merger with DTZ last year, Cushman & Wakefield is negotiating for a new, consolidated headquarters to anchor L&L Holding’s unique overhaul...

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06/10/16
...to challenging Mayor Bill de Blasio in 2017. The co-founder of Massey Knakal Realty Services is tapping SL Green executive David Amsterdam as his campaign...

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06/02/16
Pratt Institute filed plans for a new 124-room student dormitory on a Clinton Hill development site it acquired for $13 million four years ago. The...

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05/22/16
...his campaign strategy for the 2017 New York mayoral election on Massey Knakal Realty Services’ famed territory system, the brokerage’s co-founder said on Sunday...

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04/21/16
In the latest in a string of major asset sales, Aby Rosen and Michael Fuchs’ RFR Holding put a landmarked 44-story Midtown office tower at...

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Paul Massey wants to be mayor of New York. ...

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A Borough Park-based investor group led by Chaim Babad and Reuven Rivlin is looking to sell a long-vacant 3.7-acre Flushing site once slated for hundreds...

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Cushman & Wakefield is heading to NYC’s version of Hillaryland, moving to Forest City Ratner’s 1 Pierrepont Plaza, where the former secretary of state has...

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03/02/16
Commercial real estate brokerage Cresa hired former Cushman & Wakefield executive James Underhill as its CEO, with Underhill tasked with overseeing Cresa’s strategy to double its...

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02/23/16
...on the building’s upper floors. According to an earlier Massey Knakal Realty Services listing for the property, redeveloping the property could bring the...

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02/09/16
...the commercial brokerage firm he built with Robert Knakal -- Massey Knakal Realty Services -- to Cushman & Wakefield reportedly for $100 million in 2014, said...

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12/24/15
The global economy saw over $3.8 trillion in mergers and acquisitions in 2015, surpassing the activity seen in 2007. The New York property market, too, had...

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Ariel Property Advisors, a New York City brokerage that has long specialized in investment sales, is turning to lending as a new line of business....

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Cushman & Wakefield went through a round of layoffs Wednesday that hit the marketing and research departments in what appears to be fallout from the merger with...

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Jeffrey Kaye’s Stone Street Properties just closed on the acquisition of two Gramercy Park rental buildings, at 210 and 220 East 22nd Street, for a...

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09/23/15
...knowledge to Brooklyn." Newmark Grubb Knight Frank Cushman & Wakefield Massey Knakal Realty Services David Falk Where new office development goes, the city's big...
To see all, go to Advanced Search
Cushman & Wakefield, Chairman
1290 Sixth Avenue, New York, NY, (212) 660-7777
Robert Knakal is chairman of capital markets at the global brokerage Cushman &...
  • Event Sales
  • Address 85 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 102,991
  • Price $ 86,000,000
  • Price per foot $ 835.02
notes
The retail building sold for $86 million.
  • Event Sales
  • Address 7 West 24th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 9,500,000
  • Publication Date 02/01/2015
  • Event Date 12/18/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Robert Knakal and John Ciraulo
  • Party 2 Mark Geragos
  • Party 2 Broker Tina Glandian
notes
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  • Event Sales
  • Address 15-17 Arden Street 149, 157 Vermilyea Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 14,100,000
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Robert Knakal and Robert Shapiro
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Robert Knakal, Robert M. Shapiro
notes
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  • Event Sales
  • Address 176 East Third Street 420 East 66th Street 336 East 81st Street 344 East 85th Street 404 East 88th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 126,200,000
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Stonewood Properties
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Robert Knakal, Thomas Gammino, Jr., Guthrie Garvin, Michael DeCheser
  • Party 2 Nader and Lisa Shalom and Trevi Retail
notes
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  • Event Sales
  • Address 427-433 Dean Street
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 14,500,000
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Robert Knakal, Paul Massey Jr., Stephen Palmese, Winfield Clifford
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Robert Knakal, Paul Massey Jr., Stephen Palmesee, Winfield Clifford
notes
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  • Event Sales
  • Address 269-271 East Houston Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 12,800,000
notes
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  • Event Sales
  • Address 66 Pearl Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 30,100,000
notes
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  • Event Retail Leasing
  • Address 471 86th Street
  • Neighborhood Fort Hamilton
  • Borough Brooklyn
  • Square feet 1,000
  • Publication Date 12/01/2014
  • Event Date 10/17/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Mitzi Flexer
  • Party 2 Cricket Wireless
notes
The wireless company signed a lease.
  • Event Retail Leasing
  • Address 41 West 24th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,300
notes
The restaurant signed a 15-year lease.
  • Event Sales
  • Address 555 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 50,000,000
  • Publication Date 12/01/2014
  • Event Date 10/17/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Robert Knakal and Hall Oster
  • Party 2 Brokerage Orenda Estates
  • Party 2 Broker Stan Putko
notes
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  • Event Retail Leasing
  • Address 41 West 24th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,325
notes
The restaurant signed a lease.
  • Event Sales
  • Address 345-353 West 38th Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 112,000,000
notes
[EMPTY]
  • Event Sales
  • Address 737 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 7,550,000
  • Price per foot $ 686.00
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Hall Oster
notes
The property sold for $7.55 million, or $686 per square foot. 9-unit apt. bldg
  • Event Sales
  • Address 78 Grand Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 15,600,000
  • Price per foot $ 1,300.00
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Paul Smadbeck, Robert Burton
notes
The property sold for $15.6 million, or about $1,300 per square foot. 5-story apt. bldg, 4 units total
  • Event Financing
  • Address 645 First Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Scott Aiese
notes
Acquisition and construction financing was provided in the amount of $125 million for the condo units within the Corinthian building. 144 units in 57-story apartment building.
  • Event Sales
  • Address 25 Prince Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 573
  • Price $ 4,300,000
  • Price per foot $ 7,504.36
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Robert Burton, Hall Oster
  • Party 2 Brokerage Popkin Group
  • Party 2 Broker Paul Popkin
notes
The property sold for $4.3 million. The space is currently leased to Gant Rugger. 573 sf retail condo
  • Event Retail Leasing
  • Address 716 Broadway
  • Neighborhood Noho
  • Borough Manhattan
  • Square feet 3,000
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Brendan Gotch
  • Party 2 Foot Locker
notes
The footwear retailer signed a lease.
  • Event Sales
  • Address 420 East 66th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 100,000,000
notes
The properties sold for $100 million. The buildings are located at 420 East 66th Street, 336 East 81st Street, 344 East 85th Street and 404 East 88th Street. 4 apt. bldgs, 216 units total
  • Event Retail Leasing
  • Address 104 Franklin Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 2,200
notes
The apparel retailer for babies signed a lease. The reported asking rent was $120 per square foot.
  • Event Sales
  • Address 47 Clinton Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 5,000,000
  • Price per foot $ 519.00
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Michael DeCheser
notes
The property sold for $5 million, or $519 per square foot. 5-unit apt. bldg
  • Event Sales
  • Address 645 First Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Price $ 147,000,000
  • Price per foot $ 975.00
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Robert Knakal, Joan Ciraulo
notes
The condo units within the Corinthian building sold for $147 million, or $975 per square foot. 144 units in 57-story apt. bldg
  • Event Sales
  • Address 700 Washington Avenue
  • Neighborhood Prospect Heights
  • Borough Brooklyn
  • Price $ 1,350,000
  • Price per foot $ 488.00
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Stephen Palmese
notes
The property sold for $1.35 million, or $488 per square foot. 4-unit apt. bldg
  • Event Sales
  • Address 54-55 46th Street
  • Neighborhood Maspeth
  • Borough Queens
  • Price $ 1,600,000
  • Publication Date 10/01/2014
  • Event Date 08/17/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Thomas Donovan
notes
[EMPTY]
  • Event Sales
  • Address 225 Pennsylvania Avenue
  • Neighborhood East New York
  • Borough Brooklyn
  • Price $ 5,000,000
  • Publication Date 10/01/2014
  • Event Date 08/17/2014
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Edward Gevinski
notes
[EMPTY]
  • Event Sales
  • Address Upper East Side portfolio
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 100,000,000
notes
[EMPTY]
To see all, go to Advanced Search

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