BKREA Releases 41-Year Knakal Land Index Analyzing 2,444 Manhattan Development Site Transactions

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BK Real Estate Advisors (BKREA), led by CEO Bob Knakal, has released the Knakal Land Index, a 41-year proprietary analysis of 2,444 Manhattan development site transactions dating back to 1984. Covering Manhattan’s prime redevelopment corridors, this dataset offers developers, investors, and lenders unprecedented insight into historical trends, asset performance, and strategic opportunities in the city’s most competitive neighborhoods.

Key Insights from the Knakal Land Index

• Four Decades of Transaction Data – The Index analyzes 2,444 deals from 1984 to 2025, spanning periods of expansion, recession, and structural market change, making it one of the largest and most detailed Manhattan land datasets ever compiled.
• Prime Manhattan Coverage – The study focuses on East Side south of 96th Street and West Side south of 110th Street, the city’s highest-density development corridor where skyline-changing projects are concentrated.
• Five Property Categories – Sales are segmented into residential rental, residential condo, office, hotel, and specialty uses (including education and healthcare) to provide accurate, asset-class-specific pricing trends.
• AI-Driven Market Analysis – Proprietary AI models compare historical land values with macroeconomic indicators to reveal which factors most influence pricing direction and magnitude across cycles.
• Identifying Hidden Opportunities – The Index highlights underutilized parcels, zoning potential, and assemblage possibilities, giving developers insight into opportunities that may not be immediately apparent.
• Actionable Client Advantage – By combining historical trends, AI insights, and on-the-ground expertise, BKREA equips clients with strategies to improve timing, pricing, and risk management in competitive Manhattan markets.

From Data to Decision-Making

The Knakal Land Index supports BKREA’s broader mission of providing market-leading intelligence to clients. By creating a factual baseline of land values, the Index allows investors, lenders, and developers to make better-informed decisions, plan acquisition strategies, and maximize returns in one of the world’s most complex real estate markets.

Frequently Asked Questions

Q1: What is the Knakal Land Index?

‍ It is a 41-year proprietary study of 2,444 Manhattan development site transactions compiled by BKREA, offering unparalleled historical and forward-looking insights.

Q2: Which areas of Manhattan are covered?

‍ The Index focuses on East Side south of 96th Street and West Side south of 110th Street, the city’s most active redevelopment corridors.

Q3: How does the Index segment transactions?

‍ Sales are categorized into residential rental, residential condo, office, hotel, and specialty uses, providing clarity on pricing trends across asset types.

Q4: How is AI used in the study?

‍ Proprietary AI models correlate historical land values with macroeconomic indicators to predict trends and identify key factors influencing future pricing.

Q5: Who benefits from the Knakal Land Index?

‍ Developers, investors, lenders, and property owners gain actionable insights into market risk, timing, and opportunity.

Q6: How does this research differ from other market studies?

‍ It combines four decades of consistent methodology, AI analysis, and BKREA’s hands-on expertise, offering unmatched depth and accuracy.

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