Bob Knakal CEO of BK Real Estate Advisors (BKREA) has announced a landmark 41-year Manhattan Land Index, examining 2,444 development site transactions dating back to 1984.
-- BK Real Estate Advisors (BKREA) has announced the release of the Knakal Land Index, a proprietary 41-year study analyzing Manhattan land sales dating back to 1984. The index examines 2,444 development site transactions across prime Manhattan neighborhoods, making it one of the most comprehensive datasets ever assembled on New York City land values.
Get the news here: https://uscommerciallending.com/bkrea-knakal-land-index-manhattan/
The Knakal Land Index segments sales into five property categories: residential rental, residential condominium, office, hotel, and specialty uses including education and healthcare. By separating transactions by asset class, the index provides a clearer view of how pricing behaves across different property types, eliminating distortions caused by blended averages.
“BKREA operates in the information and relationship business,” said Bob Knakal, Chairman and CEO of BKREA. “When people have better information, they make better decisions. This index gives the market a factual baseline that has never existed before at this scale.”
The study focuses on Manhattan’s most competitive redevelopment corridor, defined as south of 96th Street on the East Side and south of 110th Street on the West Side. This geography represents the highest-density development zone in the city, where land values reflect entitlement complexity, zoning strategy, and long-term planning decisions. It is also the area where Manhattan’s skyline continues to evolve most dramatically.
Using proprietary AI-driven models, BKREA compares historical land value trends against a wide range of macroeconomic indicators. This analysis identifies which variables have historically influenced pricing direction and the magnitude of market shifts across multiple real estate cycles. The result is a data-backed framework designed to help investors, developers, and lenders better understand risk, timing, and opportunity in New York City development markets.
The Knakal Land Index spans four decades of market activity, capturing periods of expansion, recession, and structural change. By applying artificial intelligence to one of the largest land datasets in the country, BKREA provides forward-looking insights grounded in historical performance.
Access the BKREA Development Site Monthly Newsletter https://www.bkrea.com/development-newsletter/january-2026
About the company: BK Real Estate Advisors is a New York-based commercial real estate advisory firm specializing in investment sales, land transactions, and strategic advisory services. Led by Chairman and CEO Bob Knakal, BKREA is known for its data-driven market research, long-term market tracking, and relationship-based approach to brokerage and advisory services.
Contact Info:
Name: Bob Knakal
Email: Send Email
Organization: BKREA
Address: West 36th Street NY NY 10018
Phone: 212-888-8850
Website: https://bkrea.com
Video URL: https://youtu.be/kRZi8e64hA4?si=dnppWVGEry4Djh1B
Release ID: 89180749
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