Massey Knakal Sees Dollar Volume, Values Increasing in 2013

NEW YORK CITY-Massey Knakal Realty Services issued a cautiously optimistic forecast for 2013 on Tuesday during its fourth-quarter briefing at its midtown offices. The prognostication comes on the heels of a year that brought in record numbers on several fronts, all due primarily to the concern over a capital gains tax increase, with the economic recovery playing a role.

 “2012 was, by all accounts, a historical year,” said Robert Knakal, chairman. “The amount of activity we had was remarkable.” The company closed out 371 deals for the year and brought in $2.4 billion, a record for the firm, he noted. “The dollar volume of sales rose by 43% to $39.14 billion while the number of properties sold climbed to 3,699, a 66% increase over 2011.”