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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

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.


Here’s what the $10M-$20M investment sales market looked like last week
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...

Did the NYC multifamily market almost die in 2017?
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...

Rabsky buying large Williamsburg site at
500 Kent from Con Ed
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...

Rick Rosan’s Oak Tree Residential scores $46.5M loan to close on Brooklyn multifamily portfolio
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...

Silvershore now trying to sell 57 buildings
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...

Silvershore looks to sell half of its NYC real estate holdings
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...

ULI’s former head is buying 18 BK buildings for $76M
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...

Related buys four-building BK portfolio for $30M
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...

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

Golden handcuffs: What Cushman’s hires of Harmon and Spies could mean for the brokerage
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...

Panthers’ Vincent Viola pays $35M for Brooklyn Law building
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...

Carroll Gardens condo-to-rental building sells for $21M
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...

Hello Living scraps plans for Flatbush tower
07/29/15
...accurately reflect its plans. Cushman & Wakefield’s Stephen Palmese is the listing broker.  -- Tess Hofmann...

Real estate players show up in force at Brooklyn Hospital benefit: PHOTOS
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...

Jeffrey Gershon, AEW plan $90M Boerum Hill condo project
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...

Spruce Capital asking $82M for Bushwick rental Colony 1209
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...

Brooklyn Heights Cinema goes for $7.5M
11/20/14
...Commission. Massey Knakal Realty Services' Michael Mazzara and Stephen Palmese were the brokers on the deal.  -- Claire Moses...

Treeline Companies wants $100M for Brooklyn offices
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...

UK’s National Grid looks to lease 17-acre Coney Island site
10/27/14
...Bloomberg-era rendering of Coney Island marsh project and Stephen Palmese British gas and electric company National Grid is seeking a long-term tenant for a...

Sam Boymelgreen puts the Kestrel up for sale for $90M
09/11/14
...Capital Analytics data reviewed by The Real Deal. Stephen Palmese, Aaron Warkov and Clint Olsen of Massey Knakal Realty Services are the exclusive agents...

Boerum Hill site sells for record price: broker
07/18/14
...foot for a large development site in Brooklyn, Stephen Palmese of Massey Knakal Realty Services, told the Commercial Observer. Palmese exclusively handled the sale...

On the market
...from the Queens Place Mall. Massey Knakal’s Stephen Palmese and Thomas Donovan are handling the assignment...

Air rights sale could spring 50-story tower on Junior’s site
04/23/14
...in New York City is looking at this,” Stephen Palmese, partner at Massey Knakal Realty Services, which is handling the sale of the Junior...

Industrial Bushwick portfolio asks $30M
04/21/14
...of brokers at Massey Knakal Realty Services – including Stephen Palmese, Michael Mazzara, Thomas Freeland and James Berluti – intend to market the site at 215 Moore...

Bill for Long Island College Hospital redo could hit $1B: report
04/15/14
...partner in Brooklyn Health Partners Merrel Schexnydre and Stephen Palmese Real estate industry insiders suspect the redevelopment of the Long Island College Hospital could...
Joseph Swingle
Cushman & Wakefield, Managing Principal
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Richard Persichetti
Cushman & Wakefield, Regional Research Director, Tri-State & Northeast
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Michael Hofmann
Cushman & Wakefield, Director
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
David L. Hoffman
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Peter Hennessy
Cushman & Wakefield, Corporate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
James Frederick
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Craig Evans
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Mark Boisi
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
Mark Boisi is Chairman of the New York Tri-State Region at DTZ. He...
Robert Billingsley
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Richard Bernstein
Cushman & Wakefield, Real Estate Salesperson
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
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 &...
Franklin Speyer
Cushman & Wakefield, Executive Vice Chair
1290 Sixth Avenue, New York, NY, (212) 841-7500
Franklin Speyer is an executive vice chair at Cushman & Wakefield, a commercial...
Gary Greenspan
Cushman & Wakefield, Vice Chairman
1290 Sixth Avenue, New York, NY, (212) 841-7500
Gary Greenspan is a vice chairman at Cushman & Wakefield, a commercial real...
James Downey
Cushman & Wakefield, Executive Director
1290 Sixth Avenue, New York, NY, (212) 841-7500
James Downey is an executive director at Cushman & Wakefield, a commercial real...
Joanne Podell
Cushman & Wakefield, Executive Vice Chariman
1290 Sixth Avenue, New York, NY, (212) 841-7500
Joanne Podell is an executive vice chairman at Cushman & Wakefield, a commercial...
John Cefaly
Cushman & Wakefield, Executive Vice Chairman
1290 Sixth Avenue, New York, NY, (212) 841-7500
John Cefaly is an executive vice chairman at Cushman & Wakefield, a commercial...
Josh Kuriloff
Cushman & Wakefield, Executive Vice Chairman
1290 Sixth Avenue, New York, NY, (212) 841-7500
Josh Kuriloff is an executive vice chairman at Cushman & Wakefield, a commercial...
Louis D’Avanzo
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Tara Stacom
Cushman & Wakefield, Executive Vice Chairman
1290 Sixth Avenue, New York, NY, (212) 841-7500
Tara Stacom is an executive vice chairman at Cushman & Wakefield, a commercial...
Brian Corcoran
Cushman & Wakefield, Executive Director
1290 Sixth Avenue, New York, NY, (212) 841-7500
Brian Corcoran is an executive vice president and a licensed appraiser for Cushman...
Bruce Mosler
Cushman & Wakefield, Global Brokerage Chairman
1290 Sixth Avenue, New York, NY, (212) 841-7500
Bruce Mosler is global brokerage chairman of Cushman & Wakefield, a commercial real...
Dale Schlather
Cushman & Wakefield, Vice Chairman
1290 Sixth Avenue, New York, NY, (212) 841-7500
Dale Schlather is a vice chairman at Cushman & Wakefield, a commercial real...
David A. Green
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
David A. Green is a vice chairman focusing on retail leasing at Colliers...
Patrick Murphy
Patrick Murphy
Cushman & Wakefield, Executive Vice Chairman
1290 Sixth Avenue, New York, NY, (212) 841-7500
Patrick Murphy is an executive vice chairman at Cushman & Wakefield. Murphy joined Cushman...
Kevin Donner
Cushman & Wakefield, Real Estate Salesperson
1290 Sixth Avenue, New York, NY, (212) 841-7500
Kevin Donner is a managing director at Eastdil Secured, one of New York...
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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.
For more info, click here
  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • Event Sales
  • Address 156-160 17th Street
  • Neighborhood Greenwood
  • Borough Brooklyn
  • Square feet 10,028
  • Price $ 2,700,000
  • Price per foot $ 269.25
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  • Event Sales
  • Address 29 Putnam Avenue
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 104,365
  • Price $ 38,000,000
  • Price per foot $ 364.11
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  • 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
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  • Event Sales
  • Address 150-42 12th Avenue
  • Neighborhood Whitestone
  • Borough Queens
  • Square feet 4,500
  • Price $ 1,475,000
  • Price per foot $ 327.78
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  • Event Sales
  • Address 522-528 Atlantic Avenue
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Price $ 15,000,000
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  • Event Sales
  • Address 191-231 Moore Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 28,200,000
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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 70 Henry Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Price $ 7,500,000
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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 1613, 1617, 1621, 1625, 1631 Eastern Parkway
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 9,600,000
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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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  • 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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  • 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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