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Massey Knakal: Single Trades Bolstered Boroughs in 2011

NEW YORK CITY-At the Massey Knakal 2011 Year-End Property Sales report Tuesday morning, Queens was king, thanks to one particular sale, while northern Manhattan’s dollar volume for the year decreased 35%.

By Carl Gaines | Updated on January 17, 2012

NEW YORK CITY-According to Massey Knakal, 2011 was a mixed bag, depending on the usual factors—location, asset class and how much cash you had on hand to secure financing.

The firm kicked off its 2011 Year-End Property Sales report Tuesday with an assessment of its own growth during 2011 and ahead for 2012. CEO and founding partner Paul Massey, Jr. said that the firm “added significantly in 2011, especially around the company’s allied businesses—specifically mortgage brokerage and retail leasing.” There are 52 originating brokers currently at the firm, though he said they plan to significantly increase the size of the firm, adding some 30 new brokers in the new year.

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