-- In a significant development for the city’s commercial real estate sector, Bob Knakal, Chairman and CEO of BKREA, has released “The Ultimate Guide to Selling a Development Site for a Premium Price.” Drawing on his decades of experience, Knakal’s new guide provides a step-by-step blueprint for sellers looking to achieve exceptional results in New York City’s competitive land market.
View the Guide Here https://www.bkrea.com/development-site-sales
Development site sales have long been a hallmark of Knakal’s career, with more than 30 million buildable square feet and over $8 billion in closed transactions to his name. The guide features transaction summaries, before-and-after photos, and client testimonials, chronicling the transformation of modest properties into major city landmarks.
“With so little open land left in New York, every new development begins with strategy,” said Knakal. “It’s about understanding the value that can be created by assembling the right parcels, navigating complex zoning, and preparing the property for sale in a way that inspires buyer confidence. I’ve learned that following a proven system is what consistently delivers record-breaking results.”
According to Knakal, sellers who want to maximize value must begin by addressing possession issues and carefully reviewing tenant leases, since unresolved occupancy can become a major obstacle. Commissioning zoning and massing studies, he adds, is essential for giving buyers a clear vision of what’s possible. Early preparation of environmental and geotechnical reports, along with access agreements from neighboring properties, can streamline the due diligence process and prevent costly surprises.
Knakal also emphasizes the importance of exploring expansion possibilities before a property is listed, noting that some of his most successful deals have started as small offerings that grew through assemblage and the acquisition of additional rights. “The highest prices in this market aren’t achieved by accident,” Knakal explained. “They come from uncovering every source of hidden value and ensuring your property is seen by every credible buyer, both locally and internationally.”
The new guide addresses common questions from property owners about timelines, disclosure obligations, study costs, and the value of pursuing air rights or transferable development rights. Knakal’s team at BKREA stands ready to assist sellers with site analysis, market positioning, and maximizing every site’s potential.
Sellers interested in “The Ultimate Guide to Selling a Development Site for a Premium Price,” or those seeking a direct consultation, are encouraged to contact BKREA through their website at https://bobknakal.com/development-site-sales/ or by phone.
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