The Ultimate Guide to Selling Walk-Up Apartment Buildings in NYC Launched by Bob Knakal CEO of BKREA

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In July 2025, Bob Knakal, Chairman and CEO of BKREA, launched The Ultimate Guide to Selling Walk-Up Apartment Buildings in NYC—a deep-dive resource tailored to one of the city’s most resilient real estate asset classes. Despite broader market softness, walk-ups continue to attract demand, and this guide delivers a data-backed, seller-focused roadmap to help owners capture maximum value.

Key Takeaways

• Walk-Ups Remain Resilient: Even as multifamily sales slow, walk-up buildings show strong pricing power, with a 10% rise in average PSF during past downturns.
• Simplified Operations, Strong Cash Flow: Walk-ups are attractive due to low capex, predictable rent rolls, and location in high-demand neighborhoods.
• 1031 Buyers Pay Premiums: The guide explains how to target 1031 exchange buyers who favor stabilized, income-producing assets and move quickly.
• Narrative Sells Buildings: Knakal stresses the importance of showcasing tenant history, rent performance, and capital improvements to drive confidence and bidding.
• Tailored Strategy Is Key: Every building—whether in Manhattan or the Bronx—needs a unique approach based on its condition, rent regs, and buyer appeal.
• Now May Be the Right Time to Sell: With fewer listings, stabilized rates, and solid investor demand, market timing may favor sellers in 2025.

👉 Download the guide here

Frequently Asked Questions

Q: Why are walk-up buildings still performing well in a slower market?

A: Their simplicity, tenant stability, and relatively low maintenance costs make them dependable assets, especially during volatile periods.

Q: Who is the guide designed for?

A: Property owners, investors, and brokers looking to understand how to sell walk-up apartment buildings effectively in NYC’s current market.

Q: What’s included in the guide?

A: Strategy on timing a sale, marketing tactics, buyer targeting (especially 1031 buyers), rent stabilization tips, and market positioning examples.

Q: Is this guide only for institutional sellers?

A: No. It’s built for everyone—from long-time mom-and-pop landlords to portfolio owners—looking to make smart sale decisions.

Q: Why now? Isn’t the market down?

A: Walk-up values remain historically high, and a drop in competing listings means well-prepared properties stand out more than ever.

Q: How do I get the guide?

A: Visit bkrea.com/walk-up-buildings-sales to access the full report.

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