Halstead Property is continuing its push into Queens by purchasing Forest Hills-based brokerage Madeleine Realty.
Madeleine currently has 15 agents, according to state records, and was founded in 1986 by Madeleine Ambron. Her son Jacques Ambron runs the company and will become executive director of sales for Halstead Forest Hills.
He said in a statement that “the choice to join Halstead was clear,” noting that the company has several resources and a similar philosophy to his own.
Madeleine’s current listings include a single-family home at 60 Exeter Street asking $4 million and a single-family home at 74 Ascan Avenue asking $2.4 million, according to its website.
The Forest Hills location at 108-23 Ascan Avenue will be Halstead’s second office in Queens. The company opened its first office in the borough in 2015 at 47-12 Vernon Boulevard in Long Island City in 2015.
Although Forest Hills is significantly farther inland than the Queens waterfront, where new megaprojects seem to crop up every day, the neighborhood has seen its fair share of development as well. It is home to a 17-story luxury condominium building known as the Aston, and Slate Property Group recently told The Real Deal that they plan to build an 11-story, 170-unit rental building in the neighborhood at 69-65 Yellowstone Boulevard.