Bob Knakal NYC

Bob Knakal NYC NYC Investment Sales Broker

Some memories never leave you...This week's Throwback Thursday takes me back to the 1970s.As a kid growing up in Maywood...
06/18/2026

Some memories never leave you...

This week's Throwback Thursday takes me back to the 1970s.

As a kid growing up in Maywood, New Jersey, I was a complete sports fanatic. If I wasn't playing baseball, football, street hockey, basketball, or whatever game the neighborhood kids could organize, I was following my favorite teams. The Yankees. The Giants. The Rangers. If a game was on, I was watching it. If it wasn't on television, I was listening on a transistor radio.

We didn't travel very much when I was growing up. My dad was an educator and my mom was a homemaker, so getting on an airplane was a pretty rare event. Usually once a year.

One of the perks of my father's job as a high school principal was an invitation to a national principals' convention that was often held in warm-weather cities around the country. As part of the program, they would sometimes arrange meet-and-greets with professional athletes.

For a sports-crazed teenager, this was better than the vacation itself.

On one of those trips, I had the chance to meet Bubba Smith.

At the time, Bubba was one of the most recognizable players in professional football. Standing next to him, I remember thinking he was larger than life. As a kid who spent countless hours watching games and memorizing players, meeting someone I'd only seen on television felt like meeting a superhero.

Looking back now, what strikes me isn't just meeting Bubba. It's how vividly I still remember the moment all these years later. The details of many days fade away, but certain experiences from our youth become permanent snapshots in our minds.

This was one of those snapshots for me.

Funny how that works.

06/17/2026

I always encourage people to get involved and lead, not just sit back. Share information, add value, and change the dynamic in the room.

This business isn’t zero-sum, there’s more than enough opportunity out there. When you operate with an abundance mindset, everyone wins.

Watch the full video on YouTube.

Last week I had the opportunity to join a terrific panel discussion on one of the most important topics in New York City...
06/17/2026

Last week I had the opportunity to join a terrific panel discussion on one of the most important topics in New York City real estate today: how recent Charter Reform and zoning changes are creating new development opportunities across the city.

A big thank you to Wilson Parry and the team at PropertyScout for organizing the event and to LaBella Associates for hosting us.

The conversation covered a wide range of topics, including:

• Where the biggest opportunities exist following the Charter Reforms
• How developers and property owners can structure option agreements that fairly balance risk and reward
• The contractual provisions that are critical when pursuing rezoning opportunities
• Where investors are deploying capital today and how they evaluate entitlement risk
• Lessons learned from both successful and unsuccessful development deals

One of the themes that resonated throughout the discussion was that information and preparation create opportunity.

Regulatory change often creates uncertainty, but for those who understand the implications and are willing to do the work, uncertainty can also create tremendous value.

New York City has always rewarded those who can identify change before it becomes obvious to everyone else. The current environment may prove to be one of the most compelling opportunities for landowners, developers, and investors that we've seen in years.

Great discussion, great audience, and great to share the stage with such knowledgeable professionals.

Cornering the Retail MarketRFR is recognized as one of the top private real estate investment firms in New York City, ow...
06/16/2026

Cornering the Retail Market

RFR is recognized as one of the top private real estate investment firms in New York City, owning some of Manhattan’s most prestigious trophy assets. Included in their world-class portfolio was a corner retail co-op at 85 Fifth Avenue.

The co-op is situated in a highly desirable retail location, one block from Union Square. In a growing retail market, the average price per square foot paid for retail-driven assets increased 109% in 2014 to approximately $3,870 per square foot in 2015.

As a result, the 6,406 square foot retail co-op (12,946 combined above and below grade) became a very attractive investment opportunity for many New York City investors.

RFR understood the need for maximum exposure in order to receive a desirable result during their exit strategy, so they engaged me and our sales team. RFR elected my team not only for our valuation expertise but more importantly, for our proven, extensive marketing process. Having a longstanding relationship with me, RFR was relying on my team’s expansive market outreach and interaction with the brokerage community.

Within the first week of launching 85 Fifth Avenue, the Informational Setup indicating the opportunity was available for purchase was received by over 20,000 local and foreign investors. Due to the above market lease, we knew the likelihood of procuring a qualified purchaser at an acceptable level would only be possible by receiving interest from several parties. Only this would result in the desired goal of a competitive bidding process involving those bullish on the location.

We implemented a rigorous marketing campaign that resulted in a flawless contract ex*****on well above expectations. Here are our results:
• Eight qualified offers were acquired within just four weeks of marketing.
• After several rounds of competitive bidding, a hard contract was signed at $86 million with a 10% deposit and no longer than 90-day close.
• The purchase price translates to $13,425 per square foot above grade and $6,642 per square foot blended, both equating to significantly above the Manhattan-wide average.
• A cap rate of 3.95% for a retail asset with minimal upside in the near term was achieved.
• Although the successful purchaser was an obvious prospect, the final purchase price was substantially higher than the initial offer due to the increased competition for the asset created by our sales team.

Here's what Aby Rosen of RFR Holding had to say:

"We have enjoyed a long-term relationship with Bob Knakal and his team. When we were considering the sale of our retail condo at 85 Fifth Avenue, we felt Bob would be able to expose the asset to a large and diversified field of potential buyers from across the globe. We were very impressed with the wide array of interested prospects that the team developed. All of that competition led to a very favorable result for us. We are happy to recommend Bob and his team to other potential sellers."

06/15/2026

Over the past 40 years, I’ve seen this business evolve in ways no one could have predicted.

What’s clear to me now is that AI is going to be one of the biggest shifts yet. The key isn’t chasing specific tools, it’s understanding how the technology works and applying it early.

The people who adapt first will have a real advantage.

Watch the full video on YouTube.

Legacy is an interesting thing.Most people immediately think about money, titles, transactions, awards, recognition, or ...
06/15/2026

Legacy is an interesting thing.

Most people immediately think about money, titles, transactions, awards, recognition, or building something large. And honestly, I am proud of many of those things. I am proud that our firm sold more buildings in New York City than any competitor for 14 consecutive years, outperforming the #2 firm by roughly three times during that stretch.

I am proud that Paul J. Massey and I started with very little, built Massey Knakal from scratch, and ultimately sold the company for $100 million. I am proud that at 62 years old, when many people would have slowed down, I started over again and launched BKREA, and in 2025 we completed approximately $1.8 billion in sales volume.

But as I get older, I have realized something very important:
None of those things are my real legacy.

My real legacy is people.

Over the course of my 42 years in this business, more than 35 companies, or divisions of companies, have been founded, owned, or led by brokers whom I taught the business to. When I really stop and think about that, it means more to me than any transaction I have ever closed.

Because buildings matter. Deals matter. Success matters. But helping people build careers, confidence, businesses, and lives that they never thought were possible… that is something entirely different.

One of the things I have always loved most about brokerage is that it can completely change the trajectory of someone’s life. This business rewards initiative, discipline, resilience, communication skills, consistency, and intentionality. It does not care where you came from. It does not care how much money you started with. It does not care what your last name is. If you are willing to do difficult things repeatedly over long periods of time, extraordinary things can happen.

I know that because I lived it.

And one of the greatest joys of my career has been watching people around me succeed beyond what they thought was possible. Watching young brokers become confident professionals. Watching them buy homes, support families, build companies, lead organizations, and create opportunities for others.

That is what drives me today at BKREA.

At this stage of my life, I am not motivated by proving that I can still do deals. I already know that. What motivates me now is helping other people shorten the learning curve. Helping people avoid mistakes. Helping people think bigger. Helping people understand that greatness in this business is not accidental. It is intentional.

That is also what inspired me to create The Knakal Dealmakers Knetwork.

The Knetwork is not really about real estate. Real estate is simply the vehicle. What it is really about is helping people build better businesses and better lives through the lessons, experiences, failures, disciplines, and strategies that took me four decades to learn.

Because in the end, your true legacy is not what you built for yourself.

It is what continues to grow because you were here.

06/12/2026

Here's a fun conversation from a few years ago with my good friend, Michael Stoler.

There's real opportunity in the land market, especially in New York. If you look back over the past 40 years, Manhattan land values have consistently hit new peaks over time.

For investors who understand the cycle, the upside can be significant.

Watch the full video on YouTube.

I had a fantastic time at The CCIM Institute Spring Forum in Philadelphia in April.A big thank you to Bo Barron, CCIM fo...
06/12/2026

I had a fantastic time at The CCIM Institute Spring Forum in Philadelphia in April.

A big thank you to Bo Barron, CCIM for moderating such a thoughtful discussion and to my fellow panelists, Tiffany Ann Ryland, CCIM and StripMallGuy Don Tepman, for sharing their unique perspectives on branding, visibility, and relationship-building in commercial real estate.

The room was packed for our session, Bold Branding: Influence, Image, & Impact in CRE, and it was encouraging to see so much interest in a topic that has become increasingly important in our business.

One of the key points I shared is that social media is not the entire strategy. It is one ingredient in a larger mosaic of market presence. Relationships, market knowledge, consistency, credibility, and visibility all work together. Social media simply amplifies those efforts and allows you to reach people you could never connect with one-on-one.

What made the session especially enjoyable was hearing how different approaches can lead to success. Tiffany's commitment to video, Don's remarkable growth with the Strip Mall Guy brand, and the audience's engagement reinforced a simple truth: authenticity wins.

You do not need to be someone else. You just need to be consistently yourself.

Thank you to everyone who attended, asked questions, and contributed to a great conversation. Events like the CCIM Spring Forum remind me how fortunate we are to be part of an industry that values learning, sharing ideas, and helping one another grow.

Looking forward to next year.

Read more here: https://www.ccim.com/real-estate-insights/blog/branding-building-opportunity-through-strategy-authenticity

06/12/2026

A unique opportunity has just hit the market.

We have signed a stalking horse contract for the sale of 150 West 85th Street on Manhattan's Upper West Side, and the property is now headed to a bankruptcy court auction.

The asset is a beautiful 38,838-square-foot school building in one of New York City's most desirable neighborhoods.

For qualified buyers looking for a school, educational facility, institutional use, or a potential conversion opportunity, this is a property worth serious consideration. As always, buyers should retain their own zoning and legal counsel to evaluate all potential uses.

Important dates and terms:
• Bid Deadline: June 15 at noon
• Minimum Qualified Bid: $20,740,000
• Deposit Requirement: 10% of the bid amount must be posted to qualify as a bidder.

This is not just another property offering.

We actually sold this building approximately ten years ago, and it is exciting to once again have the opportunity to bring this asset to the marketplace.

If you are interested in participating in the auction, would like access to the due diligence materials, or would like a tour of the property, please reach out to me or Ana Barrie. We are happy to walk qualified buyers through the process and provide all necessary information. For full terms of sale, we will put you in touch with the attorney for the Chapter 7 Trustee.

Opportunities like this do not come along often.

06/11/2026

There is no 29-point play in basketball.

Watching the Knicks' historic comeback last night reminded me of one of my favorite lessons: The Stonecutter's Creed.

The stonecutter strikes the rock 99 times and nothing appears to happen. Then on the 100th strike, the rock splits in half.

Was it the 100th blow that did it?

Of course not.

It was the cumulative effect of all 100 strikes.

The Knicks didn't erase a 29-point deficit with one spectacular play. They chipped away. One possession at a time. One stop at a time. One basket at a time.

Success in business works exactly the same way.

You don't build a great career with one phone call.
You don't win a major assignment with one meeting.
You don't create lasting success with one big move.

You get there by doing the little things right, consistently, day after day:

• Making the calls
• Sending the emails
• Following up
• Attending the networking events
• Staying disciplined when results aren't immediate

Big wins are simply the accumulation of hundreds of small wins.

The Knicks gave us a masterclass in perseverance last night.

Keep swinging the hammer.

Good things will happen.

Let's Go Knicks!!

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