Stephen P. Palmese, a Brooklyn native, joined Cushman & Wakefield (formerly Massey Knakal) in August 2004 after graduating from Georgetown University. Stephen has exclusively focused on the Brooklyn Market, specifically Downtown Brooklyn, for over the past decade while working for the company. He is one of the firm’s leading sales agents having sold over 200 properties with an aggregate consideration of over $1.35 billion. Since 2012, he has completed 100 transactions with an aggregate value of over $955 million.
In 2014, having completed 30 sales with an aggregate value over $256 million, Stephen was named company-wide Salesperson of the Year and Brooklyn Salesperson of the year.
Stephen has been honored with various accolades throughout his career. He was
named one of Tomorrow’s Leaders by Real Estate Forum for making a noticeable impact on the New York City real estate market. He was also selected as one of the 45 most influential commercial real estate professionals by Real Estate Forum. In 2012, he was profiled on the front cover of The Commercial Observer for having handled 8% of all Brooklyn sales in the first half of 2012. Additionally, Stephen has been honored by Massey Knakal with the Stephen B. Siegel Brooklyn Salesperson of the Year award for several consecutive years.
Some notable transactions from Stephen’s career include 551 West 35th Street, a
425,000 buildable square foot development site in the center of Manhattan’s Hudson Yards which sold for $88 million, 90-02 Queens Boulevard, a 250,000 square foot conversion site in Elmhurst, Queens which sold for $47,000,000 and the Brooklyn Law School Portfolio, which included six multifamily properties in Brooklyn Heights and sold for $36,462,000.
His client list includes: The Archdiocese of Brooklyn, The Watchtower, Brooklyn Law School, National Grid, Pratt Institute, Alloy Development, Toll Brothers, HK Organization, Spitzer Enterprises, TF Cornerstone, Thor Equities, St. Vincent’s Services, Daytop Organization, among many other private individuals.
Stephen’s charitable endeavors are numerous as well. He is a Founding Member of the Young Leadership Council for The Brooklyn Hospital Center and a Founding Board Member of Cristo Rey Brooklyn High School. He is a Member of Generation Advance at Brooklyn Academy of Music, a Member of the Jewish Children’s Museum and Museum of Jewish Heritage, and he sits on the steering committee for the Brooklyn Real Estate Roundtable.