Author Archives: Stephen R. Preuss

The Commercial Real Estate Report
The Commercial Real Estate Report

Stephen R. Preuss is an Executive Director in the Capital Markets Group of Cushman & Wakefield, where he focuses on investment sales for the Douglaston, Little Neck, Bayside, Kew Gardens Hills, Fresh Meadows, Flushing, Whitestone, College Point, Corona, East Elmhurst, and Jackson Heights neighborhoods of Queens.

Previously, Stephen was Vice President of Sales at Massey Knakal Realty Services. Cushman & Wakefield acquired Massey Knakal on December 31, 2014.

Stephen has transacted in over $1 billion of investment and commercial real estate over his 15 year career. During his tenure, he has sold over 125 properties to date with an aggregate value of over $650 million and has been a top producer companywide for the past several years.

He is a major contributor to The Queens Courier Real Estate Journals and has been featured in multiple publications for his expertise and accomplishments including The Real Deal, The New York Real Estate Journal, FOX, CBS, Newsday, The New Yorker, The New York Post, The New York Times and Real Estate Weekly.

Throughout his career, Mr. Preuss also went on to gain his Series 7 and Series 63 licenses from the National Association of Securities Dealers. He is an avid worldtraveler, golfer, distance runner and wine connoisseur. He lives in Nassau County on The North Shore of Long Island with his wife and his son.

What the possible upzoning for western Flushing means


| stephen.preuss@cushwake.com

THE COURIER/Photo by Angy Altamirano

It has been recently announced that the Department of City Planning will be launching a study of western Flushing for the possibility of increased residential development, as The Courier recently reported. Western Flushing has been on many developer, investor and real estate mogul’s radars for several years, but due to the industrial zoning the land […]

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Chinese to lead the NYC real estate investment race?


| stephen.preuss@cushwake.com

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 […]

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Lack of industrial product in Queens increases value  


| stephen.preuss@cushwake.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


| stephen.preuss@cushwake.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


| stephen.preuss@cushwake.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…


| stephen.preuss@cushwake.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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