Robert Knakal has long had a simple philosophy about selling real estate.
The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
Joe Chetrit is leading a partnership of investors in the acquisition of 77 Commercial Street, a development parcel in Greenpoint, Brooklyn that can accommodate about 270,000 square feet of residential development.
It’s not clear what Mr. Chetrit has negotiated to pay in the deal, but the property was being marketed by a Massey Knakal team led by the company’s chairman, Robert Knakal, that sources said was aiming to net a purchase price in the high $20 millions.
He’s a rising litigator in the city and, at the side of well-known lawyer Stephen Meister, his career has been on the fast track.
Kevin Fritz has become Mr. Meister’s right hand man in a host of cases, including a recent $11 million fraud suit that has drawn attention in Manhattan real estate circles.
A New York Supreme Court judge has recused himself from a case involving an alleged $11 million real estate fraud and referred the matter to the Brooklyn District Attorney’s office.
The suit involves 315 West 35th Street, a 60,000-square-foot Midtown building that Isaac Chetrit, a cousin of the prominent real estate investor Joe Chetrit, has been trying to foreclose on.