News: Brokerage

Hernandez, Paindiris, Sitt and Trupia join Massey Knakal

Massey Knakal Realty Services recently hired Cynthia Hernandez, Jessica Paindiris, Joseph Sitt, and Paul Trupia. Hernandez was hired as a part-time receptionist for the borough's office. A student at Hunter College, Hernandez, is majoring in Psychology and minoring in Cultural Anthropology. She also worked as a seasonal sales associate. Paindiris has joined the office as the company's first director of marketing, spearheading and overseeing our branding, specialized marketing and advertising efforts. Additionally, she will lead the standardization initiatives of the entire company alongside director of training Wayne Naylor. A graduate of Yale University, Paindiris earned her bachelor's degree in History of Art. Sitt, a broker who has worked in Massey Knakal's Staten Island division since 2004, has transferred and is now exclusively covering Alphabet City and the East Village out of the Manhattan office. In three years in Staten Island, Sitt built an impressive track record. He came to Massey Knakal both from a real estate and sales background. Prior to joining Massey Knakal, he was an associate broker at Manhattan Residential, Inc., where he was consistently ranked as a top producer within the firm. Sitt received his bachelor's degree in Business Administration from the University of Arizona, where he majored in marketing. Trupia has joined the office as an associate working alongside brokers Meyrick Ferguson and Paul Smadbeck, exclusively covering Manhattan's Upper West Side. A graduate of Fordham University, Trupia studied Political Science. A prior intern at Massey Knakal who once covered Manhattan's SoHo section, Trupia is experienced in handling property showings and interacting with numerous building owners. 
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking