Building Sales Journal - April 2010
Massey Knakal's Building Sales Journal, produced for 20 years, is now in electronic format and provides details about some of our notable transactions, general industry trends and other company related news.
Massey Knakal Realty Services
Massey Knakal Realty Services
Featured Sales By Massey Knakal
20 Thomas Street
TriBeCa, Manhattan
237 East 77th Street
Upper East Side, Manhattan
42 Clinton Street
Lower East Side, Manhattan
91 Avenue D
East Village, Manhattan
910 East 172nd Street
Crotona Park East, The Bronx
37-05 90th Street
Jackson Heights, Queens
74-21 Queens Boulevard
Elmhurst, Queens
110-48 72nd Avenue
Forest Hills, Queens
Donner Gardens
Jackson Heights, Queens
276 Throop Street
Bedford Stuyvesant, Brooklyn
156 Flushing Avenue
Fort Greene, Brooklyn
1505 Albany Street
East Flatbush, Brooklyn
Massey Knakal Realty Services
Featured Case Study: 920 Riverside Drive
920 Riverside Drive Neighborhood: Washington Heights, Manhattan
Type: Apartment Building
Sale Price: $15,675,000
Transfer Date: 1/4/2010

This property - in pristine condition and recently renovated - was one of the first properties receiving benefit from the J-51 program to go into contract and subsequently close after the controversial ruling handed down by the Court of Appeals. The ruling pertained to the ability of Tishman Speyers to deregulate rent regulated apartments in Stuyvesant Town while the properties were in the J-51 program. Massey Knakal negotiated a very aggressive sales price, representing the highest price per square foot ever achieved in this local market.
Message from the CEO
Paul MasseyHaving recently undertaken a company-wide strategic planning exercise, we reaffirmed that Massey Knakal's single competitive advantage is our Territory System™. Our territory platform is the cornerstone of our ability to provide 1) excellence in client service and 2) a workplace environment that is wonderfully unique... Read Article
Message from the Chairman
Bob KnakalAs we have progressed through the recent recession and entered recovery mode, I have observed an interesting change in participant's perspectives on where we are headed from here. Up until a couple of months ago, it seemed like there was consensus within the commercial real estate sector regarding the direction of things to come... Read Article
North Queens Market Update
Stephen PreussArguably Queens' most desirable real estate marketplace, Flushing, went through an eyeopening year in 2009. Dozens of residential development sites remain as vacant lots, construction sites have stalled, and those sites who were able to reach completion are sitting with many empty units or the constant churning of broken contracts... Read Article

Massey Knakal Realty Services
AVAILABLE APRIL 14TH: The Massey Knakal Property Sales Reports - First Quarter 2010
Press Releases
Massey Knakal Honors the Firm's Finest at Annual Award Ceremony
Massey Knakal Ranked NYC's #1 Multifamily Sales Firm by Real Capital Analytics
Rebny Honors Robert A. Knakal with the Louis Smadbeck Memorial Broker Recognition Award
Shimon Shkury Named Realtor of the year by Bronx Manhattan North Association of Realtors
The Massey Knakal Charitable Foundation Update
Massey Knakal Realty Services
© 2010 Massey Knakal Realty Services
This information has been compiled for informational purposes only and Massey Knakal Realty Services shall not be liable for any reliance thereon.
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