Halstead Property is adding a new office in Washington Heights by purchasing the assets of Stein-Perry Real Estate, a residential brokerage based in the neighborhood, the firm said yesterday.
Gus Perry, a partner of Stein-Perry since 1985, will join Halstead as the executive director of sales for Upper Manhattan, Harlem and Riverdale. The remaining four Stein-Perry agents will also join Halstead. The new office, at 819 West 187th Street, brings Halstead’s tri-state office count to 26.
Meanwhile, Anthony DeVivio, who previously occupied the position that Perry is taking over, will move up to managing director of Halstead’s Hamptons business.
Stuart Epstein, the current managing director of Halstead’s East Hampton office — whose firm, Devlin McNiff, merged with the larger brokerage, providing it with its latest foothold in the East End — will “step into a more active broker role,” the firm said. His title will be managing director emeritus. Halstead’s Southampton office, which will also fall under DeVivio’s purview, is set to open this spring, as The Real Deal reported.
Halstead President Diane Ramirez said that a location in Upper Manhattan was a “natural next step” for the firm, which already does business in Washington Heights, Inwood, Hamilton Heights and Hudson Heights.
“We have always been focused on smart, strategic growth for our firm,” she said in a statement.
The firms did not disclose the financial terms of the deal.
“In order to get my agents and brokers to the next level, it was crucial to align with a top-rated firm with extensive resources — and Halstead is the best fit as they are privately held and incredibly well respected,” Perry said in the release.
Also, Sandy Wilson will join Halstead as the director of sales for Harlem. —Zachary Kussin