Andrew Heiberger has recruited 265 agents
and staff since launching Town a year ago.From the December issue: When Andrew Heiberger launched the residential brokerage Town, he prophesied that it would become the city’s biggest firm, vowing to hire the industry’s “best and the brightest.”
A year later, at least part of that prediction is on its way to coming true. With five offices and some 265 agents and staff, Town is undoubtedly the fastest-growing brokerage in Manhattan. By way of comparison, Rutenberg Realty — until now the city’s most rapidly expanding firm — didn’t top 200 agents until three years after its 2006 launch. (Rutenberg, in contrast to Town, has a low-overhead business model with just one small office.)
It’s still too soon to tell, however, whether Town’s agents will become the city’s best. At press time, Town said it had 152 exclusive listings worth approximately $405 million, with an average asking price of $2.67 million for sales and $7,500 per month for rentals. [more]
