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Zar Property NY has purchased a 67,051-square-foot office building a block north of Union Square for $27 million, according to city records made public Friday.

In 2006, the hulking office building at 135 West 50th Street in midtown Manhattan sold for US$332 million. Tenants occupied nearly every floor; offices were in demand; real estate was booming.

The sale price of 135 West 50th Street in Midtown, which is only 35 percent full, was a sign of how much the pandemic upended the market for office buildings in New York City.

As someone who strongly believes “it’s not who you know, but who knows you”, being in the NYREJ 540 times means that we were working on our market presence and NYREJ helped us get the word out about what we were doing and how we were doing it. Being in the NYREJ has always been a priority for us given the reach the publication has. More broadly, NYREJ has been helpful to the industry as it is another place to go for market information and exposure for the movers and shakers in the commercial real estate business in our market.

Knakal is celebrating his 40th year anniversary being an investment sales broker in the New York City commercial real estate market. As of last week, Bob has brokered the sale of 2,339 properties in New York which is generally considered to be the highest total for any individual broker in the United States.

Bob Knakal, a real estate broker credited with selling the most commercial buildings of any single agent in New York City, is now expanding his road map in search of further success.

Bob Knakal celebrates 40 years in NYC commercial real estate, having brokered 2,339 property sales totaling over $22 billion. Commercial Lending News features an exclusive interview discussing his career achievements, innovative approaches, and future outlook.

Composed largely of high-net-worth individuals and private family offices — typically boasting fortunes of $150 million (on the low end) and $150 billion or so (on the highest of the high end) — this class of the rich, very rich and super rich has expanded its membership over the last 20 years and has now emerged as a new league of shadow players in the debt and equity markets of commercial real estate.

The Dursts are looking to sell their large development site in East Harlem after the state hammered out a replacement for 421a.

The investment sales market in New York City is in unprecedented circumstances. During each of the past major corrections — savings & loan crisis in the early 1990s, the recession in the early 2000s, the Global Financial Crisis of 2008-2009 and the “long slide” from 2016 through 2021 — every product type was losing value, just to varying degrees.

BK Real Estate Advisors, the New York-based real estate advisory firm started by well- known real estate broker Bob Knakal, recently expanded with the hiring of Faraz Cheema, Justin Rice-Moore and Jas Saini.

BKREA, a cutting-edge investment brokerage firm spearheaded by legendary New York City broker Bob Knakal, announces the latest addition to their rapidly growing NYC Commercial Real Estate Brokerage Firm. Jaskirat (Jas) Saini. Jas will be focusing on Land, Office, and Multifamily properties in Manhattan, bringing extensive experience and unique background to further elevate BKREA's client-focused services.

NYC Commercial Real Estate entrepreneur Bob Knakal announced Justin Rice-Moore has joined the new investment property brokerage. The new firm combines old school business fundamentals with cutting edge ai and technology tools providing market information never before available.

Faraz Cheema has joined the newly formed ai and technology driven NYC commercial real estate invest property brokerage BKREA.

“If you start me up, I’ll never stop,” sang Mick Jagger in a 1981 Rolling Stones hit. Jagger turned 80 in 2023, and, far from slowing down, he turned his lissome frame loose on another world tour following a brand-new studio album.

At the end of last month, commercial real estate deity Bob Knakal got together with the social media upstart known as “Strip Mall Guy” to host a gathering at Hudson Yards called Real Estate X Gala for the social media world to mingle.

With over four decades of experience, Bob has shaped some of the most significant transactions in New York's real estate market, and we're excited to collaborate with him for our soon-to-be-launched Commercial Real Estate section on NewYork.com.

After 40-plus years of a real estate career that has seen some 2,300 transactions totaling over $21 billion in New York City, and stints with some of the largest brokerages in the world, Bob Knakal has realized one major thing.

BKREA, led by Bob Knakal, has appointed Seth Samowitz as COO. Renowned for his expertise in real estate and AI, Samowitz aims to enhance operational efficiency and integrate cutting-edge technologies in NYC's land sales sector.

Bob Knakal, the renowned creator of the Knakal Map Room and founder of Bob Knakal Real Estate Advisors (BKREA), has been recognized as the number one Social Media Influencer in Commercial Real Estate in the USA by the Commercial Real Estate Influencers (CREi) Summit.

Bob Knakal, the high-profile New York City broker who left JLL in February, has launched an investment sales firm of his own with plans to try to leverage artificial intelligence to help sell more properties in the country's largest commercial real estate market.

Bob Knakal has struck out on his own and on Tuesday launched the artificial intelligence-backed capital markets brokerage BK Real Estate Advisors.

Bob Knakal, the veteran sales broker who has arranged more than $20B in New York City commercial real estate deals, is back with a new venture.

The veteran dealmaker is launching a new company, BK Real Estate Advisors, which will use AI to help sell property.

Veteran New York City broker Bob Knakal is embracing both his entrepreneurial spirit and the growing importance of artificial intelligence in commercial real estate with the launch of a new boutique brokerage firm, BK Real Estate Advisors.

Bob Knakal, a seasoned sales broker renowned for his role in over $20 billion worth of New York City commercial real estate deals, has launched Bob Knakal Real Estate Advisors (BKREA), a new brokerage firm backed by artificial intelligence.