Compass | The Real Deal New York

The Real Deal New York

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Compass

90 Fifth Avenue
New York, NY 10011
(212) 913-9058
Website
Compass
Compass

Compass is a residential brokerage in New York City that launched in 2013 as Urban Compass. (It changed its name in early 2015, complete with a new website.)

The firm was co-founded by Ori Allon, a computer-science Ph.D. from Australia who had been working as the engineering director of Twitter's New York office. Not surprisingly, then, much of Compass' early buzz in the marketplace and its appeal to brokers hinged on in-house technology that supposedly not only cut down on administrative work but also facilitated faster reaction to listing changes and debuts. Skepticism remains, however, about just how liberating and fast Compass technology is.

What is not in dispute is that Compass has piled on big names and big assignments since its founding. Leonard Steinberg, long one of Douglas Elliman's top-performing Manhattan brokers, joined Compass in 2014 as president. Other big names include Kyle Blackmon, formerly of Brown Harris Stevens; Jay Glazer of Warburg Realty; and Gene Martinez from the Corcoran Group.

Compass investors have also included notable names such as landlord and developer Bill Rudin and SalesForce.com founder Marc Benioff as well as institutions such as Goldman Sachs. Indeed, the brokerage's executive ranks claim quite a few banking and consultancy alums.

Its new-development exclusives include the Arthur in Chelsea; Seven Harrison in Tribeca; Five Sixty West 24th, also in Chelsea; and 152 Elizabeth Street in Nolita.

Compass is headquartered in Union Square. Robert Reffkin, who worked at Goldman Sachs, including in its private-equity wing, is Compass CEO and, along with Allon, a founder.

-TA


Alicia Cervera, Sr. Elizabeth Ann Stribling-Kivlan
11/21/16
Stribling & Associates is the latest New York firm to make a formal deal to affiliate with a counterpart in Florida. The company announced Monday...

lorber_web-copy-1-e1475596290116
11/18/16
...From left: Herve Senequier, Howard Lorber and Leonard Steinberg Compass urged a state Supreme Court judge on Thursday to throw...

trump NYC thumb
11/18/16
“Know any brokers in Canada?” After Donald Trump’s election victory, Leonard Steinberg’s phone kept ringing. Some callers were buyers gearing up to invest. Others had...

SOFIA SONG FB
11/17/16
...made her mark at StreetEasy and later moved on to Compass and Douglas Elliman, has been laid off from her position...

JasonWalker-feature
11/14/16
...months after he was fired from his last gig at Compass. According to Walker's attorney, Jon Harris, the broker planned to...

closet-conversion-kids-FB
11/11/16
...see the closet as a bedroom all the time,” said Compass broker Abigail Palanca, who is working with a Windsor Terrace...

Andrew-Heiberger-Robert-Reffkin
11/10/16
...estate world were the high school cafeteria, venture capital-backed brokerage Compass would almost certainly be the kid eating lunch alone. The...

92bergen
11/08/16
Three of the five most priciest new listings in Brooklyn in October were 19th-century townhouses. The top listing was a four-story, 4,016-square-foot brownstone at 527 Third...

main-2
11/05/16
...Scott Kurnit and 151 East 58th Street 47A (credit: Compass) From Luxury Listings NYC:  Perhaps Scott Kurnit, founder of the...

Reffkin 212 Court Street
11/03/16
...But this deal takes the cake. Venture capital-backed residential brokerage Compass is taking over a space formerly occupied by one of...

battleimage-feature
11/03/16
For Robin Schneiderman, winning new assignments is all about the money. But not the money going into his pocket. Schneiderman, of Halstead Property Development Marketing,...

Southampton land
11/02/16
...something that will have a positive impact on future generations,” Compass broker Christian Lipp, told the publication.  -- Cathaleen Chen...

THUMB
11/02/16
South Fork: Hey Airbnb, Cuomo may be your new archenemy but we’re not your friend either Airbnb may be suing New York state over a new...

recap
10/31/16
...President Eric Adams offers a stemwinder on developers at a Compass panel, literal real estate porn at the website, "Property Sex...

feature 50%
10/31/16
...of us to distort information,” said Leonard Steinberg, president of Compass. “I’ve heard people say ‘it’s completely sold out...

JasonWalker-Shaun Osher feature
10/28/16
...from boutique brokerage CORE, just 14 months after being terminated from Compass. CORE issued a statement early Friday afternoon, saying only that...

3-00286-7502.pA5G485s
10/28/16
One of New York City’s hottest new clubs is a parking garage in Brooklyn. The entry fee starts at $185,000. The Parking Club is a...

unnamed
10/27/16
...-2016 with their managers and REBNY leadership. (Credit: Richard Lewin) Compass agent Karen DeMeco posted the company's first REBNY residential awards...

250 East Houston, Stephen Benjamin THUMB
10/25/16
...Rockwood Capital pulled off a $57.6 million acquisition loan from BBVA Compass to close on the $100 million purchase of a 130-unit rental...

One57
10/25/16
“Escape from New York” has officially escaped from One57 at an $8.2 million loss. Chinese Billionaire Liu Yiqian is the mystery buyer of a 62nd...

79 Walker Street in Tribeca and Joshua Caspi
10/24/16
...left: 79 Walker Street in Tribeca, Joshua Caspi and rendering of Compass Residences in the Bronx 1.) Westchester-based developer Caspi Development and RWN...

10/19/16
...real estate bet: a $500M One57 flip 4. Elliman sues Steinberg, Compass over “scheme” to steal agents, contracts 5. Penthouse condo at 212 Fifth...

10/18/16
...NYC looked like in the early 1940s 5. Elliman sues Steinberg, Compass over “scheme” to steal agents, contracts...

1423070930-robert-reffkin copy
10/17/16
...Lorber, Robert Reffkin and Leonard Steinberg Douglas Elliman is suing Compass and its president Leonard Steinberg, alleging they waged an "unlawful...

213 West 23rd Street #7/8N (credit: Compass)
10/14/16
...West 23rd Street #7/8N (credit: Compass) From Luxury Listings NYC: An apartment that started life as...
To see all, go to Advanced Search
Compass, Senior Managing Director of Sales
30 Nugent Street, Southhampton, NY, (631) 259-9993
Joseph De Sane is the senior managing director of sales at Compass’ Southampton....
Compass, Real Estate Salesperson
1110 South Avenue, Staten Island, NY, (718) 232-6400
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Compass, Real Estate Salesperson
1110 South Avenue, Staten Island, NY, (718) 232-6400
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Compass, Real Estate Salesperson
1110 South Avenue, Staten Island, NY, (718) 232-6400
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Compass, Real Estate Salesperson
1110 South Avenue, Staten Island, NY, (718) 232-6400
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Compass, Real Estate Salesperson
1110 South Avenue, Staten Island, NY, (718) 232-6400
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Compass, Real Estate Salesperson
1110 South Avenue, Staten Island, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Associate Broker
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Associate Broker
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Corporate Broker
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
...
Compass, Associate Broker
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
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Compass, Associate Broker
514 2nd Street, Brooklyn, NY, (718) 213-4478
...
Compass, Associate Broker
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
...
Compass, Associate Broker
514 2nd Street, Brooklyn, NY, (718) 213-4478
...
Compass, Real Estate Salesperson
6801 20th Avenue, Brooklyn, NY, (718) 232-6400
...
To see all, go to Advanced Search
  • Event Sales
  • Address 123 Second Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 6,000,000
  • Publication Date 11/01/2016
  • Event Date 09/15/2016
  • Party 1 George Pasternak
  • Party 1 Brokerage Compass
  • Party 2 Ezra Jason Wibowo
notes
A vacant lot that was once home to a rental building that was destroyed in a gas explosion sold for $6 million.
  • Event Office Leasing
  • Address 10 East 53rd Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 17,000
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 SL Green Realty
  • Party 1 Brokerage JLL
  • Party 1 Broker Paul Glickman, Diana Biasotti, Alex Chudnoff, Ben Bass, Cynthia Wasserberger
  • Party 2 Compass
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Ethan Silverstein
notes
The brokerage signed a lease for the 16th and 17th floors.
  • Event Retail Leasing
  • Address 444 Broome Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 500
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 Sherr Equities
  • Party 1 Brokerage Sherr Equities
  • Party 1 Broker Harold Sherr
  • Party 2 Daniel Wellington
  • Party 2 Brokerage Compass
  • Party 2 Broker David Graff
notes
The watch company signed a 5-year lease.
  • Event Retail Leasing
  • Address 90 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 25,204
  • Price per foot $ 95.00
notes
The real estate tech company signed an expansion lease.
  • Event Office Leasing
  • Address 136 North 10th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 4,000
  • Publication Date 10/01/2015
  • Event Date 08/22/2015
  • Party 1 C&L Trading
  • Party 1 Brokerage Delta Commercial Real Estate
  • Party 1 Broker Adrian Langsner-Smilovici, Rae Brown
  • Party 2 Compass
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Ethan Silverstein, Jason Greenstone, James McCaffrey
notes
The firm signed a lease.
Bronx, 10454
COMPASS POINT LLC
...
Bronx, 10460
MBD COMPASS ONE B HOU
...

stephen-ross-gary-barnett
Residential condo development is the riskiest sector within the risky business of real estate. Evidence for that is found in both the outsized returns builders...

john-lurger-richard-steinberg
Manhattan’s elite residential brokers aren’t just going after the most expensive listings to stay on top. They’re also recalibrating their business models to include a...

enzo-morabito-and-Susan-Breitenbach
Compass, a newcomer on the Hamptons real estate scene, scored a coup last October when it hired veteran Ed Petrie away from Sotheby’s International ...

share-of-sales-feature
05/06/16
  From the May issue: Sales of homes priced over $5 million are gaining ground in Manhattan. In 2016’s first quarter, deals in that category accounted...

Lorber-and-Liebman
When the average Manhattan pad costs $2 million, it’s a good time to be in the brokerage business. Soaring prices and relief from the inventory...

Manhattan-mid-sized-firms-feature
Don’t discount the brokerages on this year’s ranking of mid-sized residential real estate firms just because they’re in the middle of the pack. Like horses...

maryniachartfeatured
01/08/16
For the second year in a row, the number of brokers and agents in Brooklyn and Queens rose faster than in Manhattan, an indication that brokers...

01/05/16
TRD Special Report: When the heiress Bunny Mellon died in 2014 at age 103, Sotheby’s sold her art collection – with pieces from Georges Braque and...

tech-feature
Anyone who has banked online, shopped on Amazon or shared digital photos recently can understand why real estate firms are clamoring for new technology. It’s...

The-Real-Deal-2015
12/31/15
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...

olshanfbox
12/28/15
Buyers of pricey Manhattan real estate tapped the brakes in 2015, according to Olshan Realty’s year-end market report, which revealed a 16 percent drop in...

November-DOB-Feature
12/07/15
New building permit filings tumbled in November, with only 1,843 apartment units applied for across the city, according to a new analysis by The Real...

Stuy-Town-Pricing-Flex-Front
11/05/15
The revenue for Stuyvesant Town and Peter Cooper Village has risen steadily over the past few years, and one path to growth has been the...

ny-vs-world-cover-art-feature
New York City real estate is never short of mantras and catch phrases, but few have taken hold of the industry’s collective mind like “safe...

Bulk Condos
Everyone knows, if you want to save money, buy in bulk. With prices for condos and co-ops in the stratosphere, bargain hunting these days is...

featimage
09/09/15
“No player is bigger than the club,” the soccer adage goes, but what about in brokerage? Consider Ryan Serhant. The “Million Dollar Listing New York”...

Mark-Stagg
Long a symbol of urban decay, the South Bronx is booming with new construction these days as developers — big ...

20140924_manhattan_condos_feature
07/28/15
That “all-cash” dominated luxury condo market you keep hearing about? Turns out, it’s not really a thing. In fact, more than 40 percent of buyers...

top-agents-feature
In the high-stakes world of Manhattan real estate, agents tend to fall into two camps — those brokering sales in glitzy new condo buildings and...

042_Hamptons_FINAL (1)-1
Celebrity doctors. Notorious lawyers. Philanthropists. Hedge funders. And, of course, real estate players. ...

hamptons-cover-feature
Memorial Day Weekend marked the official opening bell for the Hamptons season. And while most of those flooding into the East End were thinking about...

total-volume-large
Tight inventory. Rising prices. Luxe new developments. And competition—fierce competition. Against that backdrop, Manhattan’s largest brokerages carved out a bigger piece of the pie for...

Closed-1000
Listings go up and listings go down. But done deals don’t lie. This year, The Real Deal’s annual brokerage ranking includes a list of New...

Barbara Fox
More nimble than industry heavyweights, but packing more punch than many smaller firms, the mid-sized brokerages on this year’s ranking acted as change agents in...

042_RisingStars_FINAL.indd
They’ve brokered billions of dollars in deals, broken records, and launched companies. And they’ve all done it all in a cutthroat and unforgiving industry that’s...
To see all, go to Advanced Search

Compass
New median price records were set Downtown, on the Upper West Side, Midtown East and Midtown West. Also, nearly 24 percent of all residential inventory...

TerraCRG FT
The average price per buildable square foot of residentially zoned development sites in Brooklyn in 2014 is up 19% from the previous year, according to...
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