The Real Deal New York

Elliman stalwart Gary Cannata heads to Town

By Katherine Clarke | December 12, 2013 06:37PM

Gary Cannata, a veteran of residential brokerage Douglas Elliman, has departed the firm and will take up an executive role at Town Residential in January, he told The Real Deal.

“It’s an emotional time for me because I have great respect for [Elliman CEO] Dottie Herman,” he said. “Without her, I would not be where I am.”

Herman declined to comment on the move.

Cannata had been at Elliman, where he headed the company’s offices at 774 Broadway and 690 Washington Street, since Herman purchased the brokerage in partnership with investor and company chairman Howard Lorber in 2003. Before that, he worked for Herman’s previous company out of its only New York City office. He has been in the industry for more than 30 years.

At Town, Cannata will work out of the company’s Gramercy office, at 33 Irving Place. While he does not yet have an official title at the firm, he will specialize in downtown sales and leasing, according to a statement from Town.

“There is no substitute for his experience; this is a once in a decade opportunity,” Town CEO Andrew Heiberger said. “There are very few top-notch professionals in this business that have maintained a stellar reputation throughout their career. Gary’s connections and network are unparalleled.”

In addition to his experience in brokerage, Cannata founded the management company River to River Properties International in 1988. He has since sold off the accounts attached to that company in order to focus on his brokerage work, he said.

Among Cannata’s biggest deals was the 2009 sale of a multi-family building at 791 Broadway for $5.8 million.

As for his reasons for moving, Cannata said he’d been encouraged by the company’s recent hiring of Jeff Appel as president and chief operating officer, whom he’d worked with years ago in Elliman’s mortgage division.

“He’s probably one of the best sales persons I have ever met and I like his energy,” he said.

Until he starts at Town in the new year, Cannata can be found lounging with his Great Dane puppies at his home in Santa Domingo in the Dominican Republic.

  • Aconcerned Broker

    WHATEVER, he was just another manager at Elliman that did NOT work, was always on vacation and took advantage of Dottie. I think she needs to wake up and get rid of the excess baggage that does nothing except pretend to be busy. Trim the fat, Get rid of the entourage Dottie, as your agents are suffering because you are being blindsided by “your friends”

    • BH

      Rumor is Dottie doesnt care as it looks like a huge payday is about to occur with a sell off to ???

  • Cannata

    I had several interactions with Cannata this year in my capacity as a co-broker. I can report that he is rude in the extreme, dismissive, condescending, lazy and delinquent. He strikes me as the type of guy that you just want to slap in the face.

  • Canata Up n Went

    Stupid, worthless, no good, goddamn, freeloading son of a bitch. … You forgot ugly, lazy and disrespectful.

  • Canata Up n Went

    Dottie has too many entourage friends. She will soon realize that her “team ” that is suppose to be looking out for her and the company is updating her with BS and NOT telling her the TRUTH about her company and the issues it has. Gary was fun, but cared more about tanning naked in the Dominican Republic than looking out for his agents. If Town doesn’t work, he can always be on the Barry Z show or maybe a waitress at the drag queen restaurant “Lucky Chengs”

  • Back Stabbed by that SOB

    I think I liked Gary, until he stabbed me in the back too. and I don’t think he had a knife, if you know what I mean,

  • Thom Dorke

    It’s the momentum of his move that’s important for Town, but the fact is that he is probably over his prime and indeed more interested in tanning as someone else in the comments suggested than in helping grow a business.

  • ByeByeGary

    Oh Gary. If only you left sooner as you never really did anything anyway. Always going to your place in the Dom. Rep. Pretending to be busy. Now if Dottie, who doesn’t have a clue, can get rid of the other friends / leeches she calls managers, maybe the company would have some forward momentum.

  • Tanallthetime

    Gary will be a true ass et to Town. Heehee

  • Flourence Hendersen

    Gary. Fat, drunk and stupid is no way to go through life, son. Four C’s and an F. A fine example you set! Ms. Herman, president of Douglas Elliman. no grade point average. All courses incomplete

  • Jumpin ship to Town

    Fat, drunk and stupid is no way to go through life, son. Four C’s and an F. A fine example you set! Miss Herman , president of Douglas Elliman. HAS no grade point average. All courses incomplete

  • Getreal

    Totally inconsequential.

  • Can’t

    I had some dealings with Cannata this past year. I can report that he is lazy, delinquent, rude and condescending. He is no one’s loss and certainly no one’s gain.