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.
Since 2012, the Chinese government has allowed its insurers to invest a larger sum of money in foreign real estate. This year, the rule has been altered, increasing the monetary threshold on outbound investments from a $30 million minimum to a $1 billion threshold. Chinese investment in 2013 amounted to $16 billion, and this year […]
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 […]
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 […]
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 […]
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: […]
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, […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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” […]
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 […]