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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.

Cushman & Wakefield, Managing Principal
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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Cushman & Wakefield, Director
1290 Sixth Avenue, New York, NY, (212) 841-7500
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Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
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Cushman & Wakefield, Corporate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
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Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
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1290 Sixth Avenue, New York, NY, (212) 841-7500
...
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
...
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1290 Sixth Avenue, New York, NY, (212) 841-7500
...
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1290 Sixth Avenue, New York, NY, (212) 660-7777
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
...
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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1290 Sixth Avenue, New York, NY, (212) 841-7500
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  • Event Sales
  • Address 469 President Street
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Price $ 44,000,000
  • Publication Date 09/27/2019
  • Event Date 09/24/2019
  • Party 1 EcoRise Development
  • Party 1 Brokerage JLL
  • Party 1 Broker Brendan Maddigan, Stephen Palmese, Winfield Clifford, Michael Mazzara, Ethan Stanton
  • Party 2 Avery Hall Investments
notes
The buyer bought the Gowanus portfolio for $44 million.
  • Event Sales
  • Address 96 North 10th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 31,640
  • Price $ 23,000,000
notes
The buyer acquired the Williamsburg property for $23 million.
  • 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
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Stephen Palmese
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
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Bernard Miller, Parkway Realty Associates
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Stephen Palmese
  • Party 2 Lori Casey, EastCoast MIG
  • Party 2 Brokerage Cushman & Wakefield
  • 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
  • Publication Date 04/09/2015
  • Event Date 02/28/2015
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Stephen Palmese
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Stephen Palmese
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
  • Publication Date 03/01/2015
  • Event Date 01/15/2015
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Stephen Palmese
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Stephen Palmesee
  • 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
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