BKREA, the New York City development site specialists led by Chairman and CEO Bob Knakal, has launched the BKREA Air-Rights Comparable Sales Database, a proprietary intelligence platform helping owners, developers, and institutions maximize value in the city's increasingly complex air rights market.
-- As rezonings across New York City unlock new development potential, BKREA has launched the BKREA Air-Rights Comparable Sales Database, a proprietary platform built to help owners, developers, institutions, and landmark property holders maximize value in increasingly complex air rights transactions.
The launch comes as air rights have become one of the fastest-growing segments of the city's development marketplace. Recent rezonings, including the Midtown South Mixed-Use Plan, have created large concentrations of transferable development rights, while City of Yes legislation expanded transfer opportunities for landmarked properties—opening new doors for buyers and sellers alike.
The practice is a natural extension of decades of leadership in development site sales. Over more than 40 years, Chairman and CEO Bob Knakal has personally brokered 279 development sites totaling over 40 million buildable square feet and roughly $10 billion in market value. The firm's dedicated Air Rights Practice Group is led by Managing Director Genessy Jaramillo.
"Our air rights practice has been extremely robust, and activity keeps picking up week after week," said Jaramillo. "We've already closed several transactions and are working on 17 active deals totaling nearly 700,000 buildable square feet."
Valuation remains the central challenge, with pricing swinging based on whether rights serve residential, commercial, mixed-use, affordable housing, or landmark-transfer uses. The database addresses this by aggregating dozens of recent transactions—including many with terms never made public.
"Many deals are privately negotiated and critical information never surfaces," said Bob Knakal. "This database gives our clients market intelligence that simply doesn't exist elsewhere."
The platform joins BKREA's proprietary suite: the Knakal Map Room, tracking Manhattan development permits; the Knakal Land Index, analyzing 2,489 Manhattan transactions back to 1984; and the Developer Ranking System, scoring 1,800-plus developers. Supporting it is BKREA's Policy and Zoning SWAT Team of attorneys, consultants, architects, and analysts.
"Brokerage isn't really a sales business—it's an information business," Knakal said. "The better your information, the better your outcomes."
As rezonings reshape the city, BKREA intends to lead the next generation of development advisory services in New York City.
About the company: BKREA (Bob Knakal Real Estate Advisors) is a New York City investment sales firm specializing in development sites, land, and air rights. Led by Chairman and CEO Bob Knakal, who has brokered 279 development sites totaling over $10 billion, the firm pairs proprietary market intelligence with development advisory services.
Contact Info:
Name: Bob Knakal
Email: Send Email
Organization: BKREA
Address: 135 West 36th Street NY NY 10018
Phone: 212-888-8850
Website: https://bkrea.com
Release ID: 89194149
If you encounter any issues, discrepancies, or concerns regarding the content provided in this press release, or if there is a need for a press release takedown, we urge you to notify us without delay at error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team will be available to promptly respond within 8 hours – ensuring swift resolution of identified issues or offering guidance on removal procedures. Delivering accurate and reliable information is fundamental to our mission.
