Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Stephen P. Palmese Named Partner At Massey Knakal


Massey Knakal Realty Services is pleased to announce that Stephen P. Palmese has been promoted to Partner at the firm. Stephen began his career at Massey Knakal ten years ago as an Intern and worked his way up to Associate, then Agent, and now Partner.  He is one of the firm’s leading sales agents having sold over 200 properties with an aggregate consideration of over $1 billion. Since 2012, he has completed 70 transactions with an aggregate value of over $625 million.

“Stephen has been instrumental in helping Massey Knakal dominate the Brooklyn market and, just like our Partner Bob Knakal, he has influenced the metro-area. Stephen's values and competitive spirit are perfectly aligned with Massey Knakal's focus on passion, integrity, excellence and responsibility,” said CEO Paul J. Massey, Jr.

“Stephen is a shining example of what is possible when someone is bright, personable and works their tail off every day to become better than they were the day before. Stephen’s promotion is richly deserved and I am proud to be his partner,” said Chairman Bob Knakal

Stephen has been honored with various accolades throughout his career.  He was named one of Tomorrow’s Leaders by Real Estate Forum for making a noticeable impact on the New York City real estate market. He was also selected as one of the 45 most influential commercial real estate professionals by Real Estate Forum.  In 2012, he was profiled on the front cover of The Commercial Observer for having handled 8% of all Brooklyn sales in the first half of 2012. Additionally, Stephen has been honored by Massey Knakal on a number of occasions, receiving the firm’s John H. Holler Salesperson of the Year Company-Wide award as well as the Stephen B. Siegel Brooklyn Salesperson of the Year award.

“Starting my real estate career at Massey Knakal and having the support from Paul, Bob and the partners at the firm has enormously contributed to my success. Massey Knakal not only prepares you for the nuts and bolts of commercial sales but truly prepares you for any professional endeavor – you are taught to be focused, driven and how to be a market leader,” said Stephen P. Palmese.

Some notable transactions from Stephen’s career include 551 West 35th Street, a 425,000 buildable square foot development site in the center of Manhattan’s Hudson Yards which sold for $88 million, 90-02 Queens Boulevard, a 250,000 square foot conversion site in Elmhurst, Queens which sold for $47,000,000 and the Brooklyn Law School Portfolio, which included six multifamily properties in Brooklyn Heights and sold for $36,462,000.

His client list includes: The Archdiocese of Brooklyn, the Watchtower, Brooklyn Law School, National Grid, Pratt Institute, Alloy Development, Toll Brothers, HK Organization, Spitzer Enterprises, TF Cornerstone, Thor Equities, St. Vincent’s Services, Daytop Organization, among many other private individuals.

Stephen’s charitable endeavors are numerous as well.  He is a Founding Member of the Young Leadership Council for The Brooklyn Hospital Center and a Founding Board Member of Cristo Rey Brooklyn High School.  He is a Member of Generation Advance at Brooklyn Academy of Music, a Member of the Jewish Children’s Museum and Museum of Jewish Heritage, and he sits on the steering committee for the Brooklyn Real Estate Roundtable.

Stephen graduated from Georgetown University, where he pursued a double major in International Finance and New and Small Business Management. As a compliment to this program, he also studied abroad at Oxford University in Oxford, England and Florence, Italy.

08/18/2014 - 17:07


Cushman & Wakefield Capital Markets Group New York

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