Blog: Stephen R. Preuss

Stephen R. Preuss

Stephen R. Preuss is Director of Sales for Massey Knakal. Massey Knakal is a diversified real estate company, exclusively representing owners in the sale, retail lease and/or financing of their properties. Mr. Preuss has been recipient of several awards for his excellence in the real estate field.

 

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.

 

Mr. Preuss is a member of the International Council of Shopping Centers (ICSC), the Real Estate Board of New York and sits on the North Shore Lions Club Real Estate Board’s Political Action Committee.

 

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

Industrial Properties vs. Development Sites
Stephen R. Preuss Stephen R. Preuss 4/18/2012 at 8:22AM

  It has been a long time since Western Queens areas such as Long Island City were mainly a sleepy industrial area made up of truck parking lots and buildings actually used for manufacturing and storage facilities. The close proximity to Manhattan and all major thoroughfares and relatively cheaper pricing made this area an ideal [...]

Demand Still Outpacing Supply
Stephen R. Preuss Stephen R. Preuss 3/07/2012 at 5:01PM

We currently have an excessive demand issue in the commercial real estate marketplace.  There is an aggressive appetite across the board in almost all sectors and there is a very low supply of available properties for sale.  Some products, such as multi-family and quality retail and mixed-use properties, have the most current demand due to [...]

Multi-Family Product
Stephen R. Preuss Stephen R. Preuss 2/20/2012 at 2:41PM

It is evident that cap rates expanded in 2010 from 2009 levels as value hit its trough toward the end of the 2010 calendar year.  The 2011 results and feedback show that the cap rate compression has back in full swing and the multifamily marketplace is the most desirable product across the board with the [...]

Talking Points
Stephen R. Preuss Stephen R. Preuss 2/02/2012 at 4:02PM

2011 was a transitional year in the Queens Commercial Real Estate marketplace.  Although there were some dips throughout the trailing 12 months of activity, overall the year was encouraging.  Some ‘talking points’ to highlight year-end activity moving forward should be:   -324 transactions occurred in 2011, an increase of 17% from 2010 with 71 occurring [...]

Commercial Real Estate Year in Review
Stephen R. Preuss Stephen R. Preuss 1/13/2012 at 9:35AM

The 2011 commercial real estate market in Queens was overall… positive.  The major indicator of dollar volume is up 139 percent from 2010 with year end dollar volume reaching $1.3B.  It is important to note the sale of 2810 Queens Plaza skews the figures as this accounts for $415M of the dollar volume.  Excluding this [...]

The State of Little Neck / Douglaston Development
Stephen R. Preuss Stephen R. Preuss 12/14/2011 at 10:57AM

The Little Neck and Douglaston areas typically have the lowest amount of turnover for theNorth Queensregion due to the low commercial property inventory and long-standing ownership. In 2011, there were only a total of five investment properties sold.  Two of those sales were residential development sites which sold for approximately $150 per buildable square foot, [...]

State of Flushing Development
Stephen R. Preuss Stephen R. Preuss 12/14/2011 at 10:56AM

Flushingwent through another transitional year in 2011.  Residential development sites have started to slowly begin construction or now in the process of completion after two years of vacant lots or stalled projects.  Commercial development sites have also began to rise from the ashes as there is more accessibility to construction financing this past year.  Retail [...]

State of College Point / Whitestone Development
Stephen R. Preuss Stephen R. Preuss 12/02/2011 at 10:59AM

The College Point and Whitestone areas saw a slight uptick from the 13 commercial property sales last year.  The fact is demand is significant especially with industrial properties which are the most abundant property type in the College Point area.  Many users who are getting priced out of areas like Long IslandCityand Williamsburghave fled eastward [...]

The state of Bayside commercial development
Stephen R. Preuss Stephen R. Preuss 12/01/2011 at 12:43PM

Bayside has seen a flat year over year in terms of property sale volume.  UnlikeFlushing, Bayside has yet to see some of its several larger stalled construction sites come to fruition.  There are still a handful of vacant land locations on Northern Boulevard which were purchased between 2005 thru 2008 that have seen no movement [...]