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

2012 year in review: Flushing real estate
Stephen R. Preuss Stephen R. Preuss 1/12/2013 at 2:25PM

The year of 2012 was an overall positive environment for the commercial sales marketplace.  Activity, pricing, sales volume, lending and just about any other relevant metric increased from the year before and greatly increased from the previous several years.  The driving forces of the overall demand was the steady lack of available product throughout the [...]

Massey Knakal sells largest development site in Queens
Stephen R. Preuss Stephen R. Preuss 11/23/2012 at 11:34AM

I just closed on the largest residential development site in Queens located at 151-45 Sixth Road, between the Whitestone and Throgs Neck bridges along the northern Queens waterfront. The development was sold in a short-sale, all-cash transaction valued at $11,300,000 to a group of investors led by locally based Barone Management. The site has been [...]

Final Stretch of 2012
Stephen R. Preuss Stephen R. Preuss 9/14/2012 at 1:12PM

As the summer ends and all groups get re-focused with regards to the New York City investment real estate sales market, we reflect on the constant activity throughout the summer months. As I mentioned in a previous blog we did not experience the typical summer slowdown. This recent resurgence of investment activity brings a slight [...]

Summer slowdown…not yet…
Stephen R. Preuss Stephen R. Preuss 7/30/2012 at 2:59PM

And possibly will not happen this year, for a list of possible reasons. Typically in the commercial real estate arena July signals the inevitable slowdown of this field which transitions into the vacation-filled month of August. Many property owners and brokers alike take this time to travel, spend time with families or just take some [...]

NYC Investors expanding their horizons to Queens
Stephen R. Preuss Stephen R. Preuss 6/18/2012 at 11:09AM

As I have mentioned several times before in this Real Estate blog, there is a lack of quality product in the marketplace. Another trend, which has been progressing over the past several years is Manhattan-centric property owners and buyers have been getting priced out of the Manhattan market and therefore are expanding their target search [...]

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 [...]