Massey Knakal Realty Services | The Real Deal New York

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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.


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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

08/09/16
...on his campaign strategy, which will employ the Massey Knakal Realty Services...

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...

07/01/16
...Bedford Avenue in Crown Heights (credit: Massey Knakal Realty Services) Yoel Goldman’s All Year Management is gearing up for a 100-key hotel at...

06/14/16
...said it wasn’t clear if the former Massey Knakal Realty Services group would relocate as part of the deal. L&L is constructing what...

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

06/02/16
...nearly 97,000 square feet of residential space, according to Massey Knakal Realty Services marketing materials from several years ago. Pratt bought the block-through lot from Cara Development...

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

04/21/16
...The anchor tenant is Cushman & Wakefield, formerly Massey Knakal Realty Services, which lays claim to more than 40,000 square feet. Average office asking rents are in...

03/25/16
...wants to be mayor of New York. The Massey Knakal Realty Services founder is meeting with business leaders and top Republicans about a possible challenge to...

03/17/16
...the owners and Boymelgreen could not be reached. Massey Knakal Realty Services previously had the listing. The surrounding area has seen a flurry of investment sales...

03/15/16
...Montague Street, which used to be home to Massey Knakal Realty Services. Cushman acquired Massey Knakal in 2014 for $100 million. Cushman plans to take a part of...

03/02/16
...who departed Cushman shortly after its acquisition of Massey Knakal Realty Services, joins Cresa at a time of consolidation in the commercial real estate services industry...

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

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

12/24/15
...recently include the $100 million deal between commercial brokerages Massey Knakal Realty Services and Cushman & Wakefield, followed by DTZ's $2 billion acquisition of Cushman; Marriott International's $12.2 billion...
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
  • Event Sales
  • Address 1400-1416 Fifth Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Price $ 12,500,000
  • Event Sales
  • Address 102 Greenwich Avenue 224-226 West 13th Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Price $ 12,100,000
  • Publication Date 02/01/2015
  • Event Date 12/18/2014
  • Party 1 Broker Paul Massey, Jr, James Nelson, David Shalom
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Paul Massey, Jr, James Nelson, David Shalom
  • 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
  • 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.
  • Event Sales
  • Address 633, 636, 642, 643, 650 West 173rd Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Price $ 30,000,000
  • Event Sales
  • Address 235 Dekalb Avenue
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Price $ 1,800,000
  • Publication Date 02/01/2015
  • Event Date 12/18/2014
  • Party 1 Broker Stephen Palmese
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Stephen Palmese
  • Event Sales
  • Address 1613, 1617, 1621, 1625, 1631 Eastern Parkway
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 9,600,000
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Broker Stephen Palmese, Robert Knakal, Edward Gevinski
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Stephen Palmese, Robert Knakal, Edward Gevinski
  • 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
  • Event Sales
  • Address 834 Lexington Avenue
  • Neighborhood Bedford-Stuyvesant
  • Borough Brooklyn
  • Price $ 4,300,000
  • 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
  • Event Sales
  • Address 269-271 East Houston Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 12,800,000
  • Event Sales
  • Address 70 Henry Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Price $ 7,500,000
  • Event Sales
  • Address 55 West 19th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 8,500,000
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Broker Brock Emmetsberger, John Ciraulo, Craig Waggner
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Brock Emmetsberger, John Ciraulo, Craig Waggner
  • 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
  • Event Sales
  • Address 287-291 East Houston Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 15,200,000
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Broker Michael DeCheser
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Michael DeCheser
  • Event Sales
  • Address 264 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 25,000,000
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Broker Eran Elhanani
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker Robert Knakal, John Ciraulo
  • Event Sales
  • Address 225 East 30th Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Price $ 4,800,000
  • Publication Date 12/01/2014
  • Event Date 10/17/2014
  • Party 1 Broker John Ciraulo, Hunter Moss
  • Party 2 Brokerage Massey Knakal Realty Services
  • Party 2 Broker John F. Ciraulo, Hunter Moss
  • 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
  • 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
  • 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
  • Event Sales
  • Address 66 Pearl Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 30,100,000
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...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...

...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...

...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...

...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...

...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...

...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...

...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...

...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...

...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...

...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...

...firms such as CBRE, Cushman & Wakefield and Massey Knakal Realty Services, which all confirmed cuts in October. Robert Ageloff, a managing director at brokerage Jones...

...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...

...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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