The Real Deal New York

Key Ventures agent jumps to Town with $48M exclusive

Her former firm now has only two active brokers

August 08, 2013 09:45AM
By Katherine Clarke

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Beverly Cole and her listing at 57 East 64th Street

Beverly Cole and her listing at 57 East 64th Street

High-end luxury broker Beverly Cole has joined Andrew Heiberger’s Town Residential from boutique brokerage Key Ventures, she told The Real Deal.

Cole, predominantly a townhouse broker, has brought her exclusive on a $48 million Gilded Age mansion at 57 East 64th Street, which has been on the market for nine months, to Town.

The townhouse, a 14,000-square-foot Beaux Arts residence owned by Italian fashion house Gilmar and designed by architect C.P.H. Gilbert, came on the market in November. Cole also brokered the deal for Gilmar’s purchase of the building in 1995, when it sold for $6.39 million. It was used by the fashion house as its corporate office.

Cole told The Real Deal that her move was based on her desire to work for “a more aggressive company” that could promote her listings, which also include a condominium at the Essex House at 160 Central Park South, to a larger audience. She spent time at Douglas Elliman during her 27-year career before joining Key Ventures in 2012.

“I wish [Beverly] well,” Laurence Kaiser, founder of Key Ventures, told The Real Deal from a yacht in Greece. “Those are four words and they say more than enough.”

Key Ventures, which has a strong high-end presence on the Upper East Side, now has just two active brokers, according to its website, while Town had 388 in May, according to The Real Deal‘s most recent ranking.

Dennis Cusack, director of sales at Town, said Cole had come to the company via Town broker Debra Stotts, a Trump World Tower specialist.

“She is very well-connected,” Cusack said of Cole. “She’s been doing this for a long time.”

Cole will work out of Town’s office at 730 Fifth Avenue, he said.

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