Sag Harbor real estate brokerages do a shuffle

New York /
Aug.August 24, 2009 03:08 PM
Maps shows the Sag Harbor real estate shuffle

Sag Harbor’s pristine beaches may be a draw for the wealthy and influential set. But it’s a street in the center of town that attracts another set of movers and shakers — the village real estate firms.

A stretch of Main Street that is less than a quarter mile long is lined with brokers’ offices, and as the market shifts, firms play a more strategic game of musical chairs, most recently with Brown Harris Stevens (seen in green) moving down the street and Agawam Realty (seen in purple) taking over the firm’s old digs.

BHS’ move to 96 Main Street from 76 Main Street was more than a locational shift — it was a move to a newer, larger office, in a region where the firm had long come in third in terms of its broker ranks. BHS’ new office was one Corcoran gave up in February.

Much in the same way, Agawam Realty, which split from its partner Century 21 Albertson last September, chose to stay on Main Street when it upgraded its digs. The boutique real estate group moved into BHS’ 76 Main Street digs from 16 Main Street “because the place was falling down,” said Agawam’s manager Denise Rosko. And while she said her firm “didn’t move there because BHS was there,” she admitted that its competitor’s mark on that spot didn’t hurt matters either.

Both Rosko and Charles Manger, BHS’ executive director of Eastern Long Island, said that their moves were made entirely based on office conditions. Rosko said she wanted a more modern office; Manger, in a previous interview, said that 96 Main Street gave his group a more central presence in Sag Harbor village and that the larger office was better for his team.

The Corcoran Group (seen in red) perhaps bit off more than it could chew in Sag Harbor, taking over three offices on Main Street in 2003 and 2004, and eventually abandoning two of them.

The chart above shows other recent moves that Sag Harbor real estate firms have made on Main Street, including Corcoran’s takeover of Dayton Halstead’s digs at 84 Main Street in May 2004. Eight-four Main Street now belongs to Strough Real Estate.

Corcoran had absorbed Cook Pony Farm, and shed Cook’s office at 96 Main Street early this year, according to Gioia DiPaolo, a broker at Prudential Douglas Elliman and long-time veteran of Sag Harbor real estate. In 2006, Corcoran bought up Alan Schneider at Main and Madison streets (the office has no address number), moving all of Corcoran’s Sag Harbor agents into the space, where it remains based today.


Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Douglas Elliman is coming to Texas
49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

Corcoran to shut down office in building partly owned by Barbara Corcoran

Corcoran to shut down office in building partly owned by Barbara Corcoran
Emily Giske, Scott Durkin, president and COO of Douglas Elliman, Bess Freedman, CEO of Brown Harris Stevens and Pam Liebman, CEO of the Corcoran Group (ERG Advisors, Douglas Elliman, Brown Harris Stevens, Corcoran Group)

NYC’s biggest brokerages take on Albany

NYC’s biggest brokerages take on Albany
Suburban condos get competitive

Suburban condos get competitive

Suburban condos get competitive
(iStock)

Manhattan market’s “steady upward slog” persists as suburbs and Brooklyn see gains

Manhattan market’s “steady upward slog” persists as suburbs and Brooklyn see gains
Kyle Barisich (iStock)

Break a leg: Broadway actor turns Hamptons broker

Break a leg: Broadway actor turns Hamptons broker
23 Ezekillis Hollow in Sag Harbor (Photos courtesy of Compass)

Year’s most expensive home in Sag Harbor sold for $15M

Year’s most expensive home in Sag Harbor sold for $15M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...