The Real Deal New York

Douglas Elliman absorbs East End local realty firm

August 03, 2016 01:41PM

Douglas Elliman McCoy & McCoy

William McCoy and Paul Brennan, Douglas Elliman’s executive manager of sales for the Hamptons

Founded 46 years ago, McCoy & McCoy had the only real estate office in Sagaponack — the most expensive zip code in America, in terms of home sales prices, according to a PropertyShark survey. Dottie Herman, president and CEO of Douglas Elliman, enthused in a press release announcing the merger that Douglas Elliman will now be the only brokerage “in this very special and coveted locale.” William McCoy, the local real estate firm’s founder, said that his company — with a mere five desks — shares the same essential values as the giant nationwide broker with which it is merging. He said their watchwords were: “Live a good life, help people along the way, and get the best returns.” — Cathaleen Chen