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Bob Knakal Launches The Ultimate Guide to Selling Elevator Multifamily Apartment Buildings in NYC

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Selling an elevator multifamily building in New York City comes with a distinct set of challenges—and opportunities. With institutional interest rising and regulatory factors tightening, sellers need a targeted approach. Bob Knakal’s new guide delivers just that, equipping owners with real-time market insights, historical context, and proven strategies tailored for elevator properties.

Key Takeaways

  • Tailored for Elevator Buildings: Unlike walk-ups, elevator buildings (typically six stories or taller) attract a different buyer pool, pricing dynamics, and tenant expectations—necessitating a distinct sales approach.
  • Backed by Decades of Data: The guide draws from BKREA’s proprietary AlmaKnakal Multifamily Report, which includes elevator building sale records dating back to 1984.
  • Hyperlocal Marketing Strategy: Knakal emphasizes the importance of neighborhood-specific pricing, tenant mix analysis, and asset positioning to maximize value.
  • Actionable Seller Tools: The guide walks sellers through T12 prep, capital improvement evaluation, cap rate analysis, and understanding rent regulation impact.
  • Proven Expertise: With over 2,351 buildings sold—including hundreds of elevator assets—Knakal’s track record supports the guide’s insights with hard-won experience.
  • Bonus Content for Owners: Includes case studies, borough-specific metrics, and a comprehensive FAQ section addressing common seller concerns from valuation to documentation.

Frequently Asked Questions

Q: What’s the difference between selling a walk-up and an elevator building?

A: Elevator buildings command different pricing, attract more institutional buyers, and require more complex financial and legal prep.

Q: Who is the guide for?

A: Building owners, property managers, and brokers looking to understand the nuances of selling elevator multifamily assets in NYC.

Q: Is the guide based on current market conditions?

A: Yes. The data and strategies reflect today’s interest rate environment, policy landscape, and buyer sentiment.

Q: How can I access the AlmaKnakal Elevator Building Report?

A: Request a copy by connecting with Bob Knakal on LinkedIn or visiting BKREA.com.

Q: What documents should I prepare before selling?

A: Rent rolls, T12 financials, DHCR registrations, capital improvements list, and a clear record of unit layouts and lease terms.

Q: What makes elevator buildings attractive to buyers today?

A: Stability, long-term tenancy, bankability, and resilience through market cycles—even amid regulatory or economic headwinds.