The Real Deal New York

Douglas Elliman opens second North Fork office

Move comes amid seven-year high in first-quarter sales for Hamptons neighbor
By Julie Strickland | May 21, 2014 05:45PM

Douglas Elliman Real Estate is opening a second North Fork brokerage in downtown Greenport.

Located at 12 Front Street, across from Mitchell Park, the office spans 1,100 square feet on the ground floor and can accommodate ten full-time agents, a spokesperson for the brokerage told The Real Deal. Karla Dennehy, who currently manages Elliman’s Mattituck office at 10200 Main Road, will also manage the new Greenport spot. The office was previously home to Lloyd’s Real Estate. Kathy Lloyd Rosenbaum, who headed Lloyd’s operations there, will join the new Elliman office along with her four-member team.

A spokesperson for Elliman declined to comment on whether the company bought Lloyd’s firm, or how the team was integrated into the new office.

The office, which officially opened Monday, marks the brokerage’s second outpost in the North Fork and 62nd on Long Island.

“We have been thinking about opening up a second office east of our Mattituck office and have researched many opportunities in the last two years,” Ann Conroy, president of Elliman’s Long Island Division, told The Real Deal via email. “The location was perfect, located in a wonderful part of town. The two offices, Mattituck and Greenport, operating under the leadership of Karla Dennehy, will allow the perfect synergy between the two offices and their agents.”

Long Island’s North Fork, a relatively affordable alternative to the nearby Hamptons, saw the most first-quarter sales in seven years at the start of 2014 — up nearly 40 percent year-over-year, according to Douglas Elliman’s Q1 North Fork Market report.
The company has “a couple of more expansions on the drawing board” in the North Fork area and elsewhere on Long Island, Conroy said, though she said it is too soon to discuss specifics.