Press

BKREA has been retained to arrange the sale of the Parking Garage Condominium Unit at 525 East 80th Street, offering an opportunity to acquire an entire income-producing garage on Manhattan’s Upper East Side.

NYC Two-lot assemblage offering 50,210 buildable square feet as-of-right, steps from Fifth Avenue, Bryant Park, and Times Square, draws strong developer demand

In a world where everyone claims to be an expert, how do you know who actually is one?

The property involved in the transaction is a development site located at 21-23 West 45th Street in Manhattan. The sale price for the asset was $14,000,000, with a building square footage (BSF) of 50,210 and a price per building square foot (PPBSF) of $278. The total square footage (SF) for the property is 23,374, resulting in a price per square foot (PPSF) of $598.

The transaction involved a note/loan asset located at 10 Maiden Lane in the Financial District. The sale was completed for a total price of $15,000,000.

Leasing volume was up 2.3 percent in the third quarter from the same time last year. Vacancy was at 12.6 percent — the lowest level since before 2020 — down from 13.1 percent at the end of the second quarter and from 14.7 percent last year at this time.

The vacant lot at 123 Second Ave., the site of one of the buildings destroyed in the deadly March 2015 gas explosion, is on the sales market.

Fully demolished 2,500 SF lot between East 7th Street and St. Marks Place offers up to 12,525 SF of buildable area as of right, for a mixed-use project one block from NoHo and Greenwich Village

Himmel + Meringoff Properties and Affinius Capital today announced they have selected BKREA to sell 1601 Bronxdale Avenue, a fully-entitled, large-scale Bronx development site slated to become a massive mixed-use hub with thousands of new homes and direct pedestrian access to the forthcoming Parkchester/Van Nest Metro-North station.

A sprawling industrial property in the Bronx's Parkchester neighborhood is officially up for grabs, and its location next to a future Metro-North station has real estate players buzzing about thousands of apartments that could eventually rise there. The 7.4-acre site at 1601 Bronxdale Avenue has already secured city approvals for a massive mixed-use buildout, even though for now it remains a working industrial property generating steady rental income.

Himmel + Meringoff, which has developed, partnered in or managed 5 million square feet of prime Big Apple property mostly in Manhattan, plans to sell its outer-borough jewel.

A look back at September: a $280 million contract pipeline, the firm's new Air Rights Intelligence platform, and the policy shifts that will shape NYC land values in October and beyond.

There are many ways to measure the health of the New York City commercial real estate investment sales market, but one of the most commonly cited statistics can also be misleading: dollar volume.

Rare Upper East Side parking garage condominium offers 10,470 square feet and 52 parking spaces

BKREA Chairman & CEO connects lessons from baseball to statistics, resilience, consistency, and the role of data in commercial real estate brokerage GetExecutive Coaching

BKREA announced the promotion of Taylor Bello to Chief Marketing & Operating Officer. In her expanded role, Bello will lead marketing, communications, and operations, strengthening the firm’s brand strategy and infrastructure as BKREA grows across NYC’s commercial real estate market.

BKREA has appointed Candice Gradenigo as Chief of Staff to support the Manhattan investment sales firm’s next phase of growth. Working closely with Chairman and CEO Bob Knakal, she will advance strategic initiatives, strengthen operations, and expand firm-wide organizational capabilities.

At this time of year, as we remember Sept. 11, 2001, I inevitably find myself thinking about time. I think about the people who went to work that morning expecting it to be an ordinary Tuesday.

Vacant, 200-Foot-Wide Development Site with Central Park Views Delivers Up to 282,925 Buildable Square Feet for an Ultra-Luxury Residential Condominium Tower

We asked more than five dozen people, from CEOs to chefs, how they’ve used their personal brand to boost their careers and how you can too. Plus: How to build your brand as career insurance or even an escape hatch to independence from Corporate America.

One of the biggest mistakes a broker can make when marketing an investment property for sale is prescribing the entire structured marketing process, including bid dates, number of bidding rounds, etc., before the market has had an opportunity to speak.

In this column on July 14, I wrote about something I believe is going to become increasingly important in business , particularly in commercial real estate: The value of information is declining while the value of judgment is increasing.

The property asset involved in the transaction is a mixed-use building located at 500 Columbus Avenue in the Upper West Side market. The total sale price was $28,000,000, and the property comprises 3 commercial units and 12 multifamily units.

Delta Electronics (Thailand) Public Company Limited, a global leader in power management and smart green solutions, hosted the Delta Future Industry Summit 2026 under the theme Advancing Thailand’s Infrastructure for AI and Electrification Evolution at Hotel Nikko Bangkok

BKREA arranged the $31 million sale of 38 West 21st Street, a 12-story office building in Manhattan’s Flatiron District.

BKREA successfully arranged the $16.5 million sale of 36 East 12th Street, a seven-story commercial property in Greenwich Village, Manhattan.

New York City’s rent-stabilized housing stock has an increasingly serious economic problem.

500 Columbus Avenue NYC with Vacant residential floors, stable retail income, and a premier Upper West Side location drives strong investor demand

Bob Knakal’s Knassau County Knetworking series continued to build momentum on Tuesday, August 11, bringing together more than 100 real estate professionals, business leaders, investors, and dealmakers for its sixth event.

BKREA has completed the $16.5 million sale of 36 East 12th Street in Greenwich Village, a seven-story commercial building positioned for office-to-residential conversion. The transaction highlights continued investor demand for well-located Manhattan properties offering redevelopment and conversion potential.

New York commercial real estate firm expands access to development market research through its August newsletter and a new digital resource designed for developers, investors, property owners and industry professionals

1601 Bronxdale Avenue represents one of New York City's largest institutional industrial investment and redevelopment opportunities.

A dozen apartments on the Upper West Side have been vacant for roughly three decades, stacked on four floors directly above a supermarket plenty of neighbors walk past every day.

People often ask me what the secret was to building a business that sold more than three times the number of investment properties than any other firm in New York City for 14 consecutive years. They expect the answer to involve a particular strategy, a recruiting philosophy or some proprietary marketing technique.

The property rises five stories at the northwest corner of West 84th Street and Columbus Avenue, just one block west of Central Park. Its ground-floor retail is anchored by a Gristedes supermarket, above which sits a dozen apartment units that have been vacant for 30 years, BKREA’s Bob Knakal told Commercial Observer.

The transaction involves a development site located at 78 Pearl Street & 46 Water Street in the Financial District. The sale price was $35,000,000, encompassing a total square footage of 85,099, resulting in a price per square foot of $411.

People often ask me what elite salespeople have in common. The answer usually surprises them. It isn’t charisma. It isn’t intelligence. It isn’t even natural talent.

Cromwell, CT The Connecticut CCIM Chapter welcomed over 100 commercial real estate professionals from across the region to its 2026 Annual Symposium last month at TPC River Highlands, bringing together industry practitioners for a morning of networking, professional development, and market insight.

Today, people often describe Bob Knakal as one of the most visible commercial real estate professionals in America. His articles are widely read. His videos circulate across social media. His podcasts generate thousands of views and downloads.

Rare Lower Manhattan assemblage delivers roughly 10,150 square feet of vacant land and a vacant building with flexible zoning for residential, hotel, office, or conversion

The property asset involved in the transaction is a development site located at 946 Glenmore Avenue in East New York. The sale price for this development site was $2,500,000.

Sharing the inspiring stories and milestones of business leaders from around the globe. Stay connected for fresh insights, expert tips, and remarkable success stories.

Milestone assignment at 161 Tenth Avenue Highlights How a Research Driven Advisory Process is Reshaping Investment Property Marketing in New York City.

Discover the extraordinary journey of Bob Knakal, one of America’s most prolific commercial real estate brokers, in this exclusive edition of Visionary Titans. With over 42 years of experience and $24.2B+ in transactions, this issue highlights his client-first philosophy and unmatched impact on the New York City property market.

BKREA's July 2026 Development Newsletter delivers proprietary market intelligence on New York City's evolving development landscape, examining recent land sales, financing conditions, zoning updates, and investment trends. Leveraging decades of transaction data, the report helps developers, lenders, and investors identify emerging opportunities and risks.

An entity tied to Brooklyn-based developer Wolfe Landau has snapped up two adjacent Financial District lots poised for redevelopment.

For most of my career, one of the greatest competitive advantages you could possess was information. If you knew more than your competitors, you had an edge. You knew who owned what, who was refinancing, who was thinking about selling, what buyers were paying, where rents were moving, and what was happening before everyone else did.

There are people who go through life treating business like a sprint. And then there are people who treat it like baseball. Bob Knakal has always treated it like baseball, and that distinction explains almost everything about his career.

Bob Knakal’s career in commercial real estate is not easily summarized-it is measured in decades of consistency, thousands of buildings sold, and a reputation forged through precision, preparation, and persistence. Yet, at its core, his story is one of clarity: knowing exactly what he wanted to do, committing to it fully, and executing at a level few have matched.

One of the most frustrating aspects of the debate surrounding New York City’s rent-regulated housing stock is that it has become almost entirely ideological. One side argues that rents should remain frozen to protect affordability. The other argues that buildings require sufficient revenue to remain financially viable.

97 out of 99 pitches won. At the time of this release, it'll likely be 98 of 100. That is BKREA's pitch win rate inside the Knakal Map Room. Bob Knakal's career average across roughly 10,000 pitches was 26%. Then he built a 24-foot map and proprietary AI data models, and that number jumped to 98%.

The property asset involved in this transaction is a development site located at 10 East 30th Street in Manhattan. The site has a built square footage of 85,133 and is designated for condo development. The loan amount secured for this acquisition is $20,075,000, with a loan term of 2 years.

This past weekend, I took my wife, Cynthia, and my daughter, Sophie, to the National Hockey League draft in Buffalo.

The asset involved in this transaction is a development site located at 44-68 Vernon Boulevard in Long Island City. The sale price for this property was $28,000,000, and it boasts a building square footage of 103,381 with a price per square foot of $271.