Fillmore Real Estate closes offices

December 09, 2008 01:50PM
John Reinhardt


Brooklyn-based residential real estate firm Fillmore Real Estate has closed two of its offices, the 486 Fifth Avenue space, which merged with the firm's Atlantic Avenue office November 15, and the 696 Grand Street office, which shuttered in September.

CEO John Reinhardt said the company downsized partly because it had more offices than it needed. According to the firm's Web site, Fillmore, which was founded in 1966, has 18 offices and 314 agents. "I think we had too many locations. Now with the advent of technology you just don't need the physical location."

At the same time, Reinhardt said the firm has attracted additional agents since the two offices closed and has been in discussions with several smaller companies about consolidating. "We've been bringing in quite a few smaller companies into our fold," Reinhardt said. TRD


Comments

Anonymous

Fillmore has always been more about the working or middle income buyer, and moving merchandise. It takes a certain type of patience, demeanor and ambience to sell in Manhattan, where wealthy buyers can take a year or longer to purchase. High end buyers so not enjoy being rushed.It also must be said, in Manhattan many high end firms pay weekly salaries, besides commissions once a sale is made. Fillmore does not.

Comment #1 Posted By: Anonymous 03/27/09

Anonymous

Fillmore is closing additional offices. The actual reasons being not that they have too many offices. Truth is they don't have enough in downtown areas. The real deal is their inability to retain top earning agents of quality because they offerthem no incentives to stay.

Comment #2 Posted By: Anonymous 09/02/09

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