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Deals & Dealmakers

Apartment brokerage to begin building commercial division

Modern Spaces, a residential firm with offices in Queens, Brooklyn and Manhattan, is launching a commercial and investment property division.

Former Massey Knakal broker Evan Daniel will lead the group, which will provide both leasing and investment sales services, covering office, industrial and retail as well as land and property sales across all asset categories.

Eric Benaim, CEO and co-founder of Modern Spaces, founded his firm in Long Island City in 2008 and has become a leading player in the residential sector.

He said, “We started out as passionate champions for Long Island City, with a commitment to be the very best in this market and to set a new bar for service in the market.

Evan Daniel (left) and Eric Benaim.
Evan Daniel (left) and Eric Benaim.

“Evan shares our passion for and expertise in this market, and he also has the skills and vision to serve his customers while building an outstanding operation to grow beyond Long Island City in the future, as we have done with our residential practices.”

Most recently, Daniel was a director of sales at Massey Knakal, where he exclusively covered the Long Island City and Astoria markets and sold 54 properties worth $256 million.

His most noteworthy sale was a 220-unit portfolio of four walk-up apartment buildings in Astoria in the amount of $30.1 million. He also sold a 40-unit elevator building in Astoria at a price of $11.5 million and a new construction mixed-use apartment building in Flushing for $10.1 million.

“I have long had tremendous respect for the founders of Modern Spaces, for their model of being the very best and most knowledgeable in their market and their skill at gaining the trust of developers and consumers alike based on their excellence,” Daniel said. “

Modern Spaces’ Commercial & Investment Property Group will have a home base in Long Island City, and expand from there. The firm will be adding commercial leasing brokers and investment salespeople who specialize in multifamily, office, retail, hotel and industrial assets, said Daniel.

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