Blog: The Commercial Real Estate Report


The Commercial Real Estate Report

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


Flushing market driving expansion in Northern Queens
The Commercial Real Estate Report Stephen R. Preuss 6/17/2014 at 5:53PM

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 [...]

1st quarter 2014 NYC property sales proves to be one of the strongest ever…
The Commercial Real Estate Report Stephen R. Preuss 5/15/2014 at 9:47AM

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: [...]

Northern Queens development update
Northern Queens development update
The Commercial Real Estate Report Stephen R. Preuss 4/02/2014 at 10:39AM

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, [...]

Northern Queens: A detailed look at the 2013 marketplace
The Commercial Real Estate Report Stephen R. Preuss 2/27/2014 at 12:52PM

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 [...]

Queens year-end market review 2013
The Commercial Real Estate Report Stephen R. Preuss 1/31/2014 at 4:59PM

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 [...]

Commercial real estate market: What to expect in 2014
The Commercial Real Estate Report Stephen R. Preuss 12/17/2013 at 4:05PM

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 [...]

Jackson Heights-Corona BID shows potential for a cleaner, safer Roosevelt Avenue
Jackson Heights-Corona BID shows potential for a cleaner, safer Roosevelt Avenue
The Commercial Real Estate Report Stephen R. Preuss 11/21/2013 at 6:40PM

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. [...]

Development pushes into Northern Queens
The Commercial Real Estate Report Stephen R. Preuss 10/10/2013 at 12:57PM

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 [...]