Never bet against New York City: Bob Knakal talks markets, policy, and opportunity

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. Key Moments:01:01 Meet Bob Knakal03:24 The early days of Massey Knakal04:50 Lessons learned and keys to success08:14 The importance of market expertise11:26 Founding BK Real Estate Advisors13:14 Specialization and market changes17:37 AI and technology in real estate24:15 The unique challenges of the New York market26:20 Current market cycles and trends29:57 Impact of political changes on housing32:42 Proposed solutions for housing issues38:35 Future of New York real estate Resources Mentioned:Bob Knakal - https://www.linkedin.com/in/bobknakal/BKREA - https://www.bkrea.com/485-x Program - https://www.nyc.gov/site/hpd/services-and-information/tax-incentives-485-x.pageMajor Capital Improvement program - https://www.nyc.gov/site/finance/property/landlords-mci.pageIndividual Apartment Improvement program - https://hcr.ny.gov/apartment-iai-and-building-mci-improvementsEmail us: [email protected] for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property