Stephen Palmese | The Real Deal New York

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Stephen Palmese

Vice Chairman
Cushman & Wakefield
275 Madison Avenue, 3rd Floor
New York, NY 10016
(718) 307-6552
Website

Stephen Palmese is a 14-year NYC Real Estate veteran serving as Vice Chairman at Cushman & Wakefield and former Partner at Massey Knakal Realty Services.

Palmese has successfully helped his clients sell over 350 commercial properties for an aggregate value of approximately $3 billion during his career. Notable 2016 transactions included two DUMBO development sites, which sold for $345M and $340M respectively. Notable historical sales have included 9 DeKalb Avenue, a landmarked building with over 382,000 SF in additional air rights ($90M), and 511 W. 35th Street, a 415,000 BSF development property in Hudson yards (88M). Notable clients have included Consolidated Edison, National Grid, The Watchtower Organization, Brooklyn Law School, Pratt Institute, and New York University.

Stephen is a board member of the Brooklyn Academy of Music (BAM) and The Brooklyn Hospital Center (TBHC), a member of the Regional Plan Association (RPA), and a Founding Board Member of Cristo Rey Brooklyn High School.

Stephen earned degrees in international finance and small business management from Georgetown University. A Brooklyn native, he now lives in the West Village.


10/11/18
...him to JLL from Cushman/Massey Knakal, including Stephen Palmese, Brendan Maddigan and Winfield Clifford. Brokers may need to bring Knakal in on any...

10/08/18
...at the brokerage. In Brooklyn, Massey Knakal alumni Stephen Palmese, Brendan Maddigan, Winfield Clifford and handful of other dealmakers have left Cushman for JLL...

...at the brokerage. In Brooklyn, Massey Knakal alumni Stephen Palmese, Brendan Maddigan, Winfield Clifford and handful of other dealmakers have left Cushman for JLL...

09/21/18
...in Brooklyn who are also making the move. Stephen Palmese, Brendan Maddigan, Winfield Clifford and a handful of other Cushman brokers are leaving for...

09/20/18
...From left: Brendan Maddigan, Winfield Clifford, and Stephen Palmese (Credit: Twitter, LinkedIn, and YouTube) JLL has lured more top-producers from Cushman & Wakefield...

08/22/18
...Johnston last year, along with his Cushman colleague Stephen Palmese, represented the partnership of Oak Tree Residential and California-based Avanath Capital Management in their...

04/30/18
...could be built on the site, said broker Stephen Palmese. Last year, Simon Dushinsky and Isaac Rabinowitz's Rabsky Group bought a separate waterfront site...

04/17/18
...in 2013. A Cushman & Wakefield team led by Stephen Palmese and Brendan Maddigan represented the seller. The post was updated to include the brokers...

02/22/18
...floating on the market since the spring. Cushman's Stephen Palmese, who was marketing the portfolio for sale, was enthusiastic late last year. He said...

06/05/17
...and Division avenues. A Cushman team led by Stephen Palmese and Brendan Maddigan marketed the land for sale. Rabsky, which made its name developing...

05/18/17
...while Cushman & Wakefield’s DJ Johnston and Stephen Palmese worked with the buyer. Andrew Dansker of Marcus secured the loan. From left: Marcus...

05/16/17
...million. A Cushman team led by Bob Knakal, Stephen Palmese and Jonathan Hageman is marketing the properties. “The Brooklyn market today is very reminiscent...

03/27/17
...amp; Wakefield team led by Bob Knakal and Stephen Palmese to market the properties, the firm confirmed. “The properties in this portfolio are in...

03/16/17
...seller, and Cushman & Wakefield's DJ Johnston and Stephen Palmese are advising the buyer. They declined to comment. Representatives for Oak Tree and ZT...

12/15/16
...didn't use a broker. Cushman & Wakefield’s Stephen Palmese represented BCB in the deal. BCB has been selling off most of its holdings...

...have an impact on Knakal. James Nelson and Stephen Palmese  both came over from Massey Knakal,  and it’s likely they will be affected...

10/18/16
...brokers, such as Bob Knakal, James Nelson and Stephen Palmese, all products of Massey Knakal. Knakal, for example, handled 16 deals above $75 million over the...

09/21/15
...Monroe Place and 38 Monroe. Cushman & Wakefield’s Stephen Palmese marketed the portfolio on behalf of the school. Viola and his wife, Teresa Viola...

08/25/15
...Luquer Street in Carroll Gardens (inset: Stephen Palmese) Winnie Law’s Sun Wansam Realty Corp. picked up a Carroll Gardens condo-to-rental conversion...

07/29/15
...accurately reflect its plans. Cushman & Wakefield’s Stephen Palmese is the listing broker.  -- Tess Hofmann...

06/05/15
...Realty Trust's Christopher Conlon and Cushman & Wakefield's Stephen Palmese, and showed their support for the Brooklyn Hospital Center's new pediatric emergency department. "We...

04/23/15
...From left: 520-528 Atlantic Avenue in Boerum Hill, Stephen Palmese and Beyer Blinder Belle's Carlos Cardoso Developer Jeffrey Gershon and partner AEW Capital Management...

11/20/14
...Dekalb Avenue in Brooklyn (Inset: Stephen Palmese) Spruce Capital Partners is asking $81.5 million for a newly opened, five-story Bushwick rental building...

11/20/14
...Commission. Massey Knakal Realty Services' Michael Mazzara and Stephen Palmese were the brokers on the deal.  -- Claire Moses...

11/06/14
...for residential space on top of the building. Stephen Palmese of Massey Knakal Realty Services is marketing the site. Treeline founder and CEO Frances...
Cushman & Wakefield, Managing Principal
1290 Sixth Avenue, New York, NY, (212) 841-7500
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Cushman & Wakefield, Associate Broker
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1290 Sixth Avenue, New York, NY, (212) 660-7777
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  • Event Sales
  • Address 331 West 87th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 4,109
  • Price $ 3,788,000
  • Price per foot $ 921.87
notes
The 5-story building with 4 rent-stabilized, 1 rent-controlled, and 6 market-rate units was sold for $3.788 million.
  • Event Sales
  • Address 159-18 Northern Boulevard
  • Neighborhood Flushing
  • Borough Queens
  • Square feet 28,764
  • Price $ 13,250,000
notes
The development site, with a two-story commercial building was sold for $13.25 million.
  • Event Sales
  • Address 188-10 Hollis Court Boulevard
  • Neighborhood Flushing
  • Borough Queens
  • Square feet 5,520
  • Price $ 2,500,000
notes
The two adjacent retail properties were sold for $2.5 million.
  • Event Sales
  • Address 315-329 Lincoln Place
  • Neighborhood Prospect Heights
  • Borough Brooklyn
  • Square feet 52,543
  • Price $ 30,000,000
notes
The 4-building multifamily portfolio sold for $30 million.
  • Event Sales
  • Address 9 DeKalb
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 70,000
  • Price $ 90,000,000
notes
The property sold for $90 million.
  • Event Sales
  • Address 180 Livingston Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 154,000
  • Price $ 85,000,000
  • Price per foot $ 551.95
notes
The building sold for $85 million.
  • Event Sales
  • Address 2 Pierrepont Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 40,000
  • Price $ 35,000,000
  • Price per foot $ 875.00
  • Publication Date 11/01/2015
  • Event Date 09/22/2015
  • Party 1 Brooklyn Law School
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Stephen Palmese
  • Party 2 Vincent Viola
notes
The 12-story, 39-unit apartment building sold for $35 million.
  • Event Sales
  • Address 156-160 17th Street
  • Neighborhood Greenwood
  • Borough Brooklyn
  • Square feet 10,028
  • Price $ 2,700,000
  • Price per foot $ 269.25
  • Event Sales
  • Address 29 Putnam Avenue
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 104,365
  • Price $ 38,000,000
  • Price per foot $ 364.11
  • Event Sales
  • Address 41-43 Dean Street
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Square feet 2,226
  • Price $ 2,450,000
  • Price per foot $ 1,100.63
notes
The development site sold for $2.5 million
  • Event Sales
  • Address 150-42 12th Avenue
  • Neighborhood Whitestone
  • Borough Queens
  • Square feet 4,500
  • Price $ 1,475,000
  • Price per foot $ 327.78
  • Event Sales
  • Address 191-231 Moore Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 28,200,000
  • Event Sales
  • Address 522-528 Atlantic Avenue
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Price $ 15,000,000
  • Event Sales
  • Address 235 Dekalb Avenue
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Price $ 1,800,000
  • Event Sales
  • Address 1613, 1617, 1621, 1625, 1631 Eastern Parkway
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 9,600,000
  • Event Sales
  • Address 427-433 Dean Street
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 14,500,000
  • Event Sales
  • Address 70 Henry Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Price $ 7,500,000
  • Event Sales
  • Address 193-197 Chestnut Street
  • Neighborhood Cypress Hills
  • Borough Brooklyn
  • Price $ 1,100,000
  • Publication Date 11/01/2014
  • Event Date 09/17/2014
  • Party 1 Broker Stephen Palmese and Winfield Clifford
  • Event Sales
  • Address 700 Washington Avenue
  • Neighborhood Prospect Heights
  • Borough Brooklyn
  • Price $ 1,350,000
  • Price per foot $ 488.00
notes
The property sold for $1.35 million, or $488 per square foot. 4-unit apt. bldg
  • Event Sales
  • Address 472-484 Atlantic Avenue
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Price $ 18,030,000
  • Publication Date 09/01/2014
  • Event Date 07/18/2014
  • Party 1 Broker Stephen Palmese
  • Event Sales
  • Address 75 Ralph Avenue
  • Neighborhood Bedford-Stuyvesant
  • Borough Brooklyn
  • Price $ 4,300,000
  • Publication Date 08/01/2014
  • Event Date 06/17/2014
  • Party 1 Broker Michael Amirkhanian, Stephen Palmese
  • Event Sales
  • Address 151-155 Atlantic Avenue
  • Neighborhood Cobble Hill
  • Borough Brooklyn
  • Price $ 3,250,000
  • Publication Date 07/01/2014
  • Event Date 05/17/2014
  • Party 1 Broker Stephen Palmese
  • Event Sales
  • Address 1700 Pitkin Avenue
  • Neighborhood Brownsville
  • Borough Brooklyn
  • Price $ 1,050,000
  • Publication Date 04/01/2014
  • Event Date 02/15/2014
  • Party 1 Broker Edward Gevinski, Stephen Palmese
  • Event Sales
  • Address 511 West 35th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 414,750
  • Price $ 88,000,000
  • Price per foot $ 212.18
notes
The property sold for $88 million, or $212 per buildable square foot.
  • Event Sales
  • Address 511 West 35th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 414,750
  • Price $ 88,000,000
  • Price per foot $ 212.18
notes
The property sold for $88 million, or $212 per buildable square foot.
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