The NYC Investment Sales Market Overview | Bob Knakal

At 1RealEstateWorld, Bob Knakal, CEO of BK Real Estate Advisors, shares insights on navigating New York City's real estate market. Emphasizing the importance of understanding market cycles, he reflects on the peak in 2014 and the downturn intensified by COVID-19. Knakal highlights current challenges, including lenders' reluctance to expose balance sheets and varying sector performances. While retail, industrial, and hotel sectors are rebounding, multifamily housing faces legislative hurdles, and older office spaces struggle. Viewing current conditions as an unparalleled buying opportunity—with properties priced as they were 20 years ago—he anticipates a significant market surge in 2025. Knakal advises leaders to strategize proactively, adopt sector-specific approaches, and invest boldly, reinforcing his message: never bet against New York.