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Massey Knakal Realty Services

275 Madison Avenue, Third Floor
New York, NY 10016
(212) 696-2500

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.


Paul Massey has left Cushman & Wakefield
04/06/18
...worked since the end of 2014, when Cushman bought Massey Knakal Realty Services, according to the Commercial Observer. He has taken office space at 275 Madison Avenue, where...

Purplebricks parachutes into NYC disavowing broker fees
04/03/18
...director for the Brooklyn and Queens divisions of Massey Knakal Realty Services. Purplebricks is also borrowing the Massey Knakal model of carving up geographic territories and...

The NYC investment sales market has a new No. 1 firm. Here’s who it is
02/06/18
...cornered the high-volume $10 million-to-$30 million market since acquiring Massey Knakal Realty Services for $100 million in 2015. But one broker source said that a chunk of Cushman’s...

The investment sales shakeout
...cornered the high-volume $10 million-to-$30 million market since acquiring Massey Knakal Realty Services for $100 million in 2015. But one broker source said that a chunk of Cushman’s...

Here’s how Cushman’s new star I-sales team is faring
11/30/17
...last year, to $4.6 billion since its acquisition of Massey Knakal Realty Services in 2015. But while Harmon and Spies may just be getting warmed up at their...

Is Cushman’s new dynamo team delivering?
...last year, to $4.6 billion since its acquisition of Massey Knakal Realty Services in 2015. But while Harmon and Spies may just be getting warmed up at their...

Will Paul Massey stay with Cushman for the long run? He’s not sure
06/28/17
...tri-state region at Cushman, which acquired Massey's brokerage Massey Knakal Realty Services at the end of 2014 for $100 million. But it was only 15 months after the sale...

Paul Massey drops out of NYC mayoral race
06/28/17
...and ability to successfully run a large brokerage, Massey Knakal Realty Services, which he sold for a reported $100 million to Cushman & Wakefield at the end...

IPO Fever? Not quite.
...TPG. In 2014, the firm paid $100 million to acquire Massey Knakal Realty Services, and last year it poached top dealmakers Doug Harmon and Adam Spies from Eastdil...

Lutnick’s BGC Partners plans IPO for Newmark
02/09/17
...layoffs, but also expanded with the acquisition of Massey Knakal Realty Services and poaching big-time dealmakers Doug Harmon and Adam Spies from Eastdil Secured. Correction: A...

Day in the life of: James Nelson
02/08/17
...York. In 1998, fresh out of school, he joined Massey Knakal Realty Services. He was named a partner there in 2004 and is among the many Massey Knakal...

The new investment
sales game
...upward climb that started in 2015 after it bought Massey Knakal Realty Services for a reported $100 million. The firm’s $4.6 billion may seem paltry next to CBRE...

Re-creating Colliers
...Green Harbert also cited Cushman’s 2014 purchase of  Massey Knakal Realty Services and Harmon and Spies’ move to Cushman as two additional “destabilizing events” in the...

Day in the life of:
James Nelson
...York. In 1998, fresh out of school, he joined Massey Knakal Realty Services. He was named a partner there in 2004 and is among the many Massey Knakal...

Massey’s long shot
...a photographic memory. Under their newly founded company, Massey Knakal Realty Services, they developed a strategic edge by dividing the New York metropolitan area into different...

Top broker poaches of 2016
12/22/16
...terms of business, but sources said they expect Massey Knakal Realty Services alumni at Cushman to seek opportunity elsewhere. There are looming signs: Cushman’s new...

Bob Knakal renegotiates Cushman contract to shorten it by nearly 2 years
12/06/16
...in December 2019, five years from when Cushman acquired Massey Knakal Realty Services for a reported $100 million. It could now run out as early as January 2018, sources...

Chris Xu to buy 4-acre Flushing dev site for $100M-plus
11/16/16
...sale shows. The deal is being done off-market. Massey Knakal Realty Services, which is now Cushman & Wakefield, had the listing in 2015, and then CBRE had...

Better call Paul: Massey adding muscle to mayoral campaign
11/08/16
...run, even though he and Bob Knakal sold Massey Knakal Realty Services to Cushman for a reported $100 million. Michael Bloomberg spent over $108 million on his 2009 reelection...

Golden handcuffs: What Cushman’s hires of Harmon and Spies could mean for the brokerage
10/18/16
...one used in the territory system devised by Massey Knakal Realty Services, whereby a broker sourcing a deal in another’s territory would hand it over...

Bob Knakal on how to win friends and succeed in real estate
10/12/16
Do you know your credit score? That’s not a pitch for FreeCreditReport.com, but a bit of wisdom from one of the industry’s veteran brokers. “Without...

How secure is Eastdil’s I-sales practice sans Harmon & Spies?
10/07/16
...billion, according to TRD's analysis. In 2015, after absorbing Massey Knakal Realty Services, Cushman did $3.4 billion in deals -- but keep in mind that Massey Knakal by...

Eastdil’s Harmon, Spies join Cushman: NYC’s top I-sales team jumps ship
10/06/16
...in 2015, according to TRD's ranking. That's after acquiring Massey Knakal Realty Services for a reported $100 million at the end of 2014. In 2014, Massey Knakal did an estimated...

SL Green exec David Amsterdam leaves company to lead Massey’s mayoral campaign
08/09/16
...on his campaign strategy, which will employ the Massey Knakal Realty Services...

Paul Massey makes mayoral run official
08/04/16
...for Mayor 2017,” and the co-founder of the former Massey Knakal Realty Services brokerage said he will not participate in the city’s public-matching fund, which matches...
Robert Knakal
Cushman & Wakefield, Chairman
1290 Sixth Avenue, New York, NY, (212) 660-7777
Robert Knakal is chairman of capital markets at the global brokerage Cushman &...
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  • 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.
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  • Event Sales
  • Address 235 Dekalb Avenue
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Price $ 1,800,000
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  • Event Sales
  • Address 7 West 24th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 9,500,000
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  • Event Sales
  • Address 1400-1416 Fifth Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Price $ 12,500,000
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  • Event Sales
  • Address 102 Greenwich Avenue 224-226 West 13th Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Price $ 12,100,000
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  • Event Sales
  • Address 963 First Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 10,400,000
  • Publication Date 02/01/2015
  • Event Date 12/18/2014
  • Party 1 Broker Clint Olsen
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Clint Olsen
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  • Event Sales
  • Address 88 East End Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Price $ 6,100,000
  • Publication Date 02/01/2015
  • Event Date 12/18/2014
  • Party 1 Broker Thomas Gammino, Jr.
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Thomas D. Gammino, Jr.
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  • Event Sales
  • Address 633, 636, 642, 643, 650 West 173rd Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Price $ 30,000,000
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  • Event Sales
  • Address 264 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 25,000,000
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  • Event Sales
  • Address 1613, 1617, 1621, 1625, 1631 Eastern Parkway
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 9,600,000
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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
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  • Event Sales
  • Address 834 Lexington Avenue
  • Neighborhood Bedford-Stuyvesant
  • Borough Brooklyn
  • Price $ 4,300,000
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  • Event Sales
  • Address 427-433 Dean Street
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 14,500,000
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  • Event Sales
  • Address 269-271 East Houston Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 12,800,000
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  • Event Sales
  • Address 70 Henry Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Price $ 7,500,000
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  • Event Sales
  • Address 55 West 19th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 8,500,000
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  • Event Sales
  • Address 15-17 Arden Street 149, 157 Vermilyea Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 14,100,000
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  • Event Sales
  • Address 287-291 East Houston Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 15,200,000
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  • Event Sales
  • Address 225 East 30th Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Price $ 4,800,000
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  • Event Retail Leasing
  • Address 41 West 24th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,300
notes
The restaurant signed a 15-year lease.
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  • Event Sales
  • Address 555 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 50,000,000
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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.
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  • Event Sales
  • Address 345-353 West 38th Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 112,000,000
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  • Event Sales
  • Address 801 Manhattan Avenue
  • Neighborhood Greenpoint
  • Borough Brooklyn
  • Price $ 2,700,000
  • Publication Date 12/01/2014
  • Event Date 10/17/2014
  • Party 1 Broker Mark Lively and Brendan Maddigan
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Mark Lively, Brendan Maddigan
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  • Event Sales
  • Address 66 Pearl Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 30,100,000
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Investment sales ranking:
Who crushed it
and who got crushed?
...world rise significantly because of its acquisition of Massey Knakal Realty Services — an outer-borough sales powerhouse, particularly in Brooklyn and Queens. Rosewood, meanwhile, continued racking up...

Gap widens between rivals
...CBRE, meanwhile, ranked a distant second with $5.4 billion. Massey Knakal Realty Services, which was purchased by Cushman & Wakefield at the end of 2014, snagged the No...

Who’s heading to housing court?
...Management. A real estate investment fund created by Massey Knakal Realty Services and RiverOak Investment is a partner is several of the Castellan buildings. At 148 West...

Commercial sales catch the Brooklyn fever
...Mercado, vice president of research at commercial brokerage Massey Knakal Realty Services. To provide a snapshot of the bull market, The Real Deal this month compiled...

The ‘quietest borough’ is making some noise
...Adrian Mercado, head of research for commercial brokerage Massey Knakal Realty Services. Some $1.6 billion of sales activity took place in the borough in the first half...

Manhattan’s riskiest development deals
...from the last year, using data from brokerage Massey Knakal Realty Services and news reports. Then we took it a step further and compared the per-square-foot...

The big broker boost
...especially good news for Eastdil Secured, CBRE Group, Massey Knakal Realty Services and Rosewood Realty Group, the top four firms on TRD’s ranking. All saw...

It’s getting hot (and
crowded) in here
...firms list. Those brokerages include Crown Retail Services, Massey Knakal Realty Services and Charter Realty & Development. Crown, the brokerage arm of the Chera family’s...

FiDi investors change their tune
...an executive managing director at investment sales firm Massey Knakal Realty Services, said he’s seeing “heated interest” from investors looking for Lower Manhattan office buildings...

Stacking up sales brokers
...York City last year, according to figures from Massey Knakal Realty Services. That was the highest dollar volume since 2007 — when sales peaked at $62 billion — and up...

Boroughs battle it out
...the boroughs," said Paul Massey Jr., CEO of Massey Knakal Realty Services. The only building in the Bronx with Class A availability as of last month...

On retail front, Queens isn’t royalty
...retail clusters, said Tom Donovan, managing partner at Massey Knakal Realty Services in Queens. National drug store chains have reached the saturation point, said Donovan. "Now...
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