Author Archives: Stephen R. Preuss

The Commercial Real Estate Report
The Commercial Real Estate Report

Stephen R. Preuss joined the Queens office as a Director of Sales. In his first year, he was named recipient of Massey Knakal’s 2007 Richard Marcinko Award for Tenacity, Loyalty and Single-Mindedness of Purpose in the Pursuit of Excellence in Queens. In 2008, he won the same award, this time recognizing his efforts company wide. In 2009, he won the Queens Nicholas T. Donovan PIER Award representing Overall Values. In 2011 and then again in 2013, Stephen was presented with the Queens Annual Nicholas T. Donovan PIER Award representing Overall Values. He was named a Powerbroker by CoStar for 2013. Stephen is now currently a Vice President of Sales and Associate Broker in the Queens office.

A graduate of Florida Atlantic University, Mr. Preuss obtained his business degree in Finance. He began his career as an Apprentice to Fred Johnson and went on to become the vice president of Johnson Financial Corp., where he was responsible for new client acquisition and conducting portfolio analysis for high net-worth individuals. Mr. Preuss also has vast experience in the franchising industry with past area franchisee rights with Quiznos Restaurants along with previously holding the New York franchise rights for QD International, the first and largest eBay & Shipping drop-off store franchise. Mr. Preuss owned and operated 15 retail stores in New York along with overseeing 100+ stores nationwide while acting as the executive vice president of QD International.

Throughout his career, Mr. Preuss went on to gain his Series 7 and Series 63 licenses from the National Association of Securities Dealers. He has also been featured on regional and national television and in print including FOX, CBS, Newsday, The New Yorker, the New York Post, The New York Times and Real Estate Weekly.

To reach him and his listings visit http://masseyknakal.com/listings/SPreuss.

Lack of industrial product in Queens increases value  


| spreuss@queenscourier.com

THE COURIER/Photo by Liam La Guerre

The stock of industrial and warehouse space in Queens has become increasingly unavailable through this past year. Recently featured in the news is the gain in both sales and rentals Long Island is experiencing due to this lack of product in the Queens marketplace. According to the Wall Street Journal, Nassau County saw a 133 […]

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Queens leads the outer boroughs in hotel expansion and development


| spreuss@queenscourier.com

Outside of NYC, Queens has become the top borough in hotel expansion with a total 10,489 hotel rooms as opposed to just 3,986 hotel rooms in Brooklyn.  Particularly Long Island City has seen the most action but development has “dominoed” into northern Queens and the surrounding areas of the NYC airports. Long Island City is […]

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Flushing market driving expansion in Northern Queens


| spreuss@queenscourier.com

For years Flushing has been a real estate mecca but recently it has become a main target for foreign investors outside of Manhattan. Flushing offers lower prices than Manhattan, with high density and great small business national credit potential.  Retail in Flushing has become not only competitive but has served as the basis for expansion […]

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1st quarter 2014 NYC property sales proves to be one of the strongest ever…


| spreuss@queenscourier.com

As predicted, sales activity in 2014 has started off with a bang. NYC sales activity in the first quarter of 2014 was the strongest since 2007.   The first quarter statistics for New York City are as follows:  Total Dollar Volume:              $13.3 Billion, annualized:  $53.1 Billion Up 39 percent from 2013 Properties Sold: 1,254, annualized: […]

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Northern Queens development update


| spreuss@queenscourier.com

Renderings courtesy of NY YIMBY

As 2014 gets into full swing the development frenzy in northern Queens continues to thrive. Last year we saw announcements throughout Flushing of mega-mixed use project developments and hotel properties.  Major developments included the Willets Point Urban Renewal project, the Flushing Commons development, and multiple hotels along the major roadways in Flushing. As a recap, […]

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Northern Queens: A detailed look at the 2013 marketplace


| spreuss@queenscourier.com

As expected, 2013 turned out to be another positive year for the commercial sales marketplace.  We saw activity, pricing, sales volume, lending and just about any other relevant metric either reflecting 2012 numbers or exceeding them.  The driving forces of the overall demand has preceded to be the steady lack of available product throughout the […]

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Rare multifamily portfolio in Kew Gardens Hills–largest in Queens in over 15 Years


| spreuss@queenscourier.com

New Picture (29)

We are pleased to announce that Massey Knakal has been retained for the sale of the Kew Gardens Hills multifamily portfolio of 1,268 units, one of the largest residential complexes in all of New York City.  Investors have the opportunity to become a major player in the New York City multifamily market with the potential […]

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Queens year-end market review 2013


| spreuss@queenscourier.com

The second half of 2013 proved to be the stronger of the two. The Queens market saw a surge in properties sold setting the tone for the 2014 year to come. The number of properties sold in 2013 increased 17 percent from 2012, with Queens being the only market besides Northern Manhattan to have either […]

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Commercial real estate market: What to expect in 2014


| spreuss@queenscourier.com

There is much speculation on what the commercial real estate market will bring in the new year. What will happen to interest rates? Are vacancy rates expected to increase or decrease? Although many questions arise, there is a positive outlook for the New York commercial market in 2014 and many believe we can see a […]

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Jackson Heights-Corona BID shows potential for a cleaner, safer Roosevelt Avenue


| spreuss@queenscourier.com

DSC06130

There has been conflicting opinion on the new proposal for the Business Improvement District (BID) along Roosevelt Avenue in Jackson Heights-Corona. This portion of Roosevelt Avenue is one of New York’s most immigrant-rich communities, and lays claim to hundreds of Latino-owned small businesses. It is actually the most culturally diverse zip-code in the entire county. […]

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Development pushes into Northern Queens


| spreuss@queenscourier.com

After the development phenomenon in Long Island City, developers are looking into Queens for new opportunity. As a result, there has been a spark in development in Northern Queens, specifically Flushing and Willets Point, including a flourish of new hotels as well as multiple mega mixed-use developments. Willets Point has been a target for redevelopment […]

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Rezoning proposal preserves tradition and promotes commercial development in Queens


| spreuss@queenscourier.com

East Elmhurst and Corona residents are experiencing a zoning battle between preserving their residential development traditions and the growth of larger, untraditional housing and commercial encroachment in their neighborhood. Not since 1961 has the neighborhood experienced many changes in zoning. The NYC Department of City Planning has approved a proposal covering 127 blocks in East Elmhurst near LaGuardia Airport […]

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E-commerce drives retail into warehouses


| spreuss@queenscourier.com

With the increasing prevalence of e-commerce in the current marketplace, it seems that industrial and retail are becoming interdependent. The rapidly increasing growth of e-commerce in the past few years has suggested national economic alleviation and prosperity for the United States following the 2008 financial crisis. This positive economic outlook has caused a “domino effect” […]

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Optimism in sight for the Rockaways


| spreuss@queenscourier.com

Seven months post Hurricane Sandy communities are still in recovery.  An especially devastated area, the Rockaways have suffered great damage and remains uncertain of what’s to come.  What can the once thriving shore destination expect for the year to come?  Amongst all the destruction and debris, Rockaway residents have something to look forward to. The […]

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MLS stadium coming to Queens?


| spreuss@queenscourier.com

The most recent updates on the proposed MLS soccer stadium in Queens showed much disinterest from each of the mayoral candidates. The main concern being the lack of guarantee of where the parkland will be restored, which has been an issue with past development projects. Although most news has been reporting what seems like negative […]

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