The Real Deal New York

Ginger Brokaw jumps to BHS from Town

Top agent's departure comes on the heels of Heiberger buying out Sitt's stake in firm
By E.B. Solomont | July 28, 2016 02:00PM

Hall Willkie and Ginger Brokaw

Ginger Brokaw, a top agent at Town Residential who held many of the brokerage’s priciest listings, is moving to Brown Harris Stevens, The Real Deal has learned. Brokaw’s exit from Town comes right after CEO and founder Andrew Heiberger bought out partner Joseph Sitt to assume full control of the residential firm.

Brokaw brokered record-breaking deals at the Charles on the Upper East Side with colleague Jason Karadus, who also jumped to BHS earlier this week.

“Town was an amazing experience and I have nothing but respect and gratitude for Andrew and my colleagues,” Brokaw said in a statement.

According to a TRD analysis in August 2015 that looked at how dependent firms are on their top agents, Brokaw had 14 percent of Town’s TRData LogoTINY $570.5 million in listings at the time. Many of those listings where at the Charles, which Town New Development was marketing at the time.

At the Charles, a development led by BlueRock Real Estate, Brokaw and Karadus brokered several record-breaking sales, including the bulk sale of five penthouses for $58.6 million to hedge funder Larry Robbins. Heiberger also tapped Brokaw to sell his own Upper East Side townhouse, which fetched $11.8 million in June.

According to the Wall Street Journal/Real Trends ranking of top agents nationwide — which is based on self-reported figures — Brokaw’s team closed $178.6 million worth of deals in 2015.

“We are delighted to welcome an agent with such a stellar reputation in the industry,” BHS’ Hall Willkie said in a statement.

Of Brokaw’s move, Heiberger said: “I wish Ginger only the best in her new endeavor and am confident she will be a smashing success.”