Bob Knakal Announces "The Ultimate Guide to Investment Property Conversion Sales in New York City"
In a landmark move for New York City real estate, Bob Knakal, Chairman and CEO of BKREA, has unveiled The Ultimate Guide to Investment Properties Sold for Use Conversion, empowering owners, investors, and developers to unlock value through creative property repositioning.
-- Bob Knakal, Chairman and CEO of BKREA, has announced the release of The Ultimate Guide to Investment Properties Sold for Change of Use Conversion in New York City, a comprehensive resource for property owners, investors, and developers seeking to understand and capitalize on one of the most powerful value-creation strategies in urban real estate: conversions.
Get the Guide Here https://www.bkrea.com/conversion-properties
In the guide, Knakal details how adaptive reuse and property repositioning have become essential tools for unlocking upside in a complex, high-density market like New York. With over four decades of experience selling thousands of buildings across all five boroughs, Knakal presents a framework for understanding when and how conversion opportunities can drive pricing premiums that exceed traditional sales.
"In New York, vacancy isn't a liability--it's often an asset. In most markets across America, occupied properties are worth more than vacant buildings. That is not the case here. User buyers or investors who are going to change the property's use, will often pay a premium. " said Knakal. "What most people see as an empty building, a savvy buyer sees as a blank canvas. When you combine imagination with zoning expertise and strategic marketing, that's when you create the kind of outcomes that define careers."