Bob Knakal’s new brokerage firm, BKREA, is off to a remarkable start, closing $51 million in deals, securing a $52 million development site under contract, and being retained to sell 20 properties worth $1.2 billion in just six months.
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Bob Knakal’s BKREA is off to a flying start!
Being formed less than six months ago, Bob Knakal’s startup commercial real estate brokerage firm is off to what market participants are calling the fastest start for a new firm ever.
Click the link to view Bob Knakal's 183 NYC Development Site Sales
Knakal’s new firm, BKREA, is a brokerage firm specializing in investment sales in the New York City market. Knakal, who is one of the most decorated and recognized investment sales brokers in the nation, has been a broker in New York for over 40 years and has sold what is considered by many to be more buildings than any other individual broker at 2,341, and counting. Those buildings have an aggregate value in excess of $22 billion.
BKREA, formed in April of this year, has already closed on two sales totaling $51 million, has a $52 million development site under contract for sale and has already been retained exclusively to sell 20 other properties totaling approximately $1.2 billion. This is an unprecedented start for a new firm.
“We are simply doing what I have been doing for over 40 years but have added the extra capability of using AI in our activities which is supercharging our teammates to achieve outsized results”, Knakal said. “It has always been, is and always will be about our clients and figuring out every way possible to help them achieve outstanding results”, he added.
BKREA currently has 12 employees, or “teammates” as Knakal refers to them, and has a goal of getting to just 15 to 20. Knakal doesn’t want to build a big firm similar to the 250 people he and his then partner, Paul Massey, had a Massey Knakal before that firm was sold to Cushman & Wakefield in 2014 for $100 million.
“Today, with the technology that exists, it is not necessary to have that many boots on the ground to be able to achieve those outsized results for our clients that we have become known for. The world has changed dramatically over the past 40 years and the extent to which it will change over the next five, will blow the previous change away”, Knakal predicted.
BKREA is an investment sales firm based in New York City which integrates granular old-school analog information with modern technologies including heavy AI applications to produce outstanding results for its clients. It is also the creator of the famous Knakal Map Room which is the home of more detailed information about the land and development market in Manhattan than exists anywhere else in the market.
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