Good Property squeezed Elliman out of $1M commission on $22M townhouse sale: suit

Brokerage says it had exclusive on West Village listing, but CORE received the referral

New York /
Mar.March 17, 2016 06:10 PM

A lawsuit filed by Douglas Elliman claims Joshua Gurwitz’s Good Property Company stiffed the brokerage on a $1.1 million commission for the $21.6 million sale of a single-family townhouse at 74 Washington Place.

In a lawsuit filed in New York Supreme Court on Thursday, the brokerage claimed it struck an agreement with 74 Washington Place Partners LLC, an entity of Good Property, that it would be the exclusive broker for the sale of the West Village townhouse between Oct. 12, 2015 and April 13, 2016. The agreement entitled Elliman to a 5 percent commission it was to receive at closing, the suit says.

The lawsuit claims that in February, Gurwitz instead referred negotiations to CORE, which had the listing in 2015 before Elliman took over. On March 3, Elliman was informed through Good Property’s lawyer that no commission would be paid to the brokerage.

The developer paid $9.3 million for the property through 74 Washington Place Partners LLC in 2012. It converted the seven-story building’s four units into a single-family home with six bedrooms, 10 bathrooms and 9,300 square feet. Good Property was asking $23.5 million before agreeing to $21.6 million. The deal is in contract and has not closed.

An Elliman spokesperson said it does not comment on pending litigation. CORE declined to comment and Gurwitz could not immediately be reached.


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
Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
After years of lagging sales, Westchester County saw the highest number of completed home sales since 1996. (Getty)

Westchester home sales hit historic high in 2020

Westchester home sales hit historic high in 2020
Matthew Whitman Lazenby, Grant Cardone, Phil Collins, Orianne Bates, Russell Galbut, Natalie Brabner, Craig Studnicky and Masoud Shojaee (Lazenby by Sonya Revell; Getty, iStock)

South Florida’s juiciest real estate lawsuits of 2020

South Florida’s juiciest real estate lawsuits of 2020
Scott Durkin, president and COO of Douglas Elliman; Bess Freedman, CEO of Brown Harris Stevens

The Covid churn: Inside resi brokerages’ recruiting games

The Covid churn: Inside resi brokerages’ recruiting games
Ronita Kalra (Photo via Facebook)

Elliman’s Ronita Kalra jumps to Compass

Elliman’s Ronita Kalra jumps to Compass
New leases in NYC last month (Unsplash)

Tenants sign leases in record numbers but rents stay down

Tenants sign leases in record numbers but rents stay down
arrow_forward_ios

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

Loading...