-- BKREA, under the leadership of CEO Bob Knakal, is proud to announce the closing of 10 West 17th Street—a prime residential development site in Manhattan’s sought-after Flatiron District—for $16,220,000. This sale not only reflects the ongoing demand for quality development opportunities in New York City but also marks a remarkable milestone in Knakal’s legendary career: his 2,352nd building sale in the five boroughs.
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The successful transaction was orchestrated by the accomplished BKREA team, including Bob Knakal, Senior Vice President Ryan Candel, and Senior Associate Jas Saini, underscoring the firm’s reputation for market expertise and execution in New York City’s most competitive sectors.
10 West 17th Street stands out as one of the few fully vacant, residential sites in the Flatiron. Spanning a 4,140 square-foot lot, the property offers as-of-right zoning for up to 41,400 buildable square feet. The proposed vision: an 18-story, 41,290 ZFA luxury residential condo, blending seamlessly into the fabric of the Flatiron—a neighborhood celebrated for its architectural heritage, vibrant energy, and world-class amenities.
Located between Fifth Avenue and Avenue of the Americas, 10 West 17th Street provides unmatched access to fine dining, boutique retail, major office hubs, and an array of subway lines—making it a truly walkable, connected address for future residents.
For Bob Knakal, the sale of 10 West 17th Street is more than another transaction—it represents decades of market leadership and a steadfast commitment to client success.
“Achieving building sale 2,352 is incredibly meaningful, and 10 West 17th Street is the perfect example of the type of rare, high-quality development opportunity that still exists in Manhattan,” said Bob Knakal, CEO of BKREA. “The combination of LPC approved plans, vacant delivery, and a prime Flatiron location made this a standout offering. We are proud to have delivered a successful result for our client.”
Ryan Candel, Senior Vice President at BKREA, added:
“This transaction represents a full-circle moment as we originally sold this site to the seller in 2022. Sites like 10 West 17th Street, which offers vacant possession, are incredibly attractive to both experienced and first-time developers.”
BKREA is a premier New York City brokerage firm specializing in investment sales, residential and commercial development sites, and strategic advisory services. With Bob Knakal at the helm, the firm remains dedicated to raising the bar for market knowledge, creativity, and results-driven service in NYC real estate.
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