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  • Never bet against NYC: Bob Knakal talks markets, policy, opportunity



    30 Oct 2025

    Legendary New York broker Bob Knakal shares lessons from more than four decades shaping the city’s investment landscape. He discusses the founding of Massey Knakal, the power of specialization, and how zoning and policy continue to define opportunity.

    Knakal also explains why he’s integrating AI and data analysis into his brokerage, and why, despite political headwinds, he still believes you should never bet against New York.


    Resources mentioned:

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    Key moments

    • 01:01 Meet Bob Knakal

    • 03:24 The early days of Massey Knakal

    • 04:50 Lessons learned and keys to success

    • 08:14 The importance of market expertise

    • 11:26 Founding BK Real Estate Advisors

    • 13:14 Specialization and market changes

    • 17:37 AI and technology in real estate

    • 24:15 The unique challenges of the New York market

    • 26:20 Current market cycles and trends

    • 29:57 Impact of political changes on housing

    • 32:42 Proposed solutions for housing issues

    • 38:35 Future of New York real estate


    Our guest and host

    Bob-Knakal-500x500's Profile
    Bob Knakal

    Chairman and CEO

    BKREA

    Cole Perry's Profile
    Cole Perry

    Associate Director of Research

    Altus Group

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    Disclaimer


    This publication has been prepared for general guidance on matters of interest only and does not constitute professional advice or services of Altus Group, its affiliates and its related entities (collectively “Altus Group”). You should not act upon the information contained in this publication without obtaining specific professional advice.

    A number of factors may influence the performance of the commercial real estate market, including regulatory conditions and economic factors such as interest rate fluctuations, inflation, changing investor sentiment, and shifts in tenant demand or occupancy trends. We strongly recommend that you consult with a qualified professional to assess how these and other market dynamics may impact your investment strategy, underwriting assumptions, asset valuations, and overall portfolio performance.

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