The Real Deal New York

Nest Seekers expands to Long Island with brokerage acquisition

Manhattan-based firm is acquiring Shawn Elliott Luxury Homes and Estates
December 18, 2017 02:50PM

Shawn Elliott (credit: LinkedIn) and Eddie Shapiro

UPDATED, Dec. 18, 4:17 p.m.: Nest Seekers International acquired the Long Island-based brokerage Shawn Elliott Luxury Homes and Estates in a deal that expands the firm’s reach to the Gold Coast.

Shawn Elliott, founded in 2002 by the eponymous broker, serves Old Westbury, Brookville, Oyster Bay Cove, Roslyn and Woodbury among other towns. The firm claims to have 40 agents.

In a statement, Nest Seekers CEO Eddie Shapiro called the Gold Coast a “critical point between New York City and the Hamptons. It’s a missing piece that completes a regional picture for us.”

In 2014, Shawn Elliott opened an office inside a Rolls Royce showroom in Jericho.

Nest Seekers, which has about 800 agents in 20 offices, is a major player in Manhattan’s luxury condo market, largely through its star broker Ryan Serhant. In July, Serhant’s team took over the sales at Greenland Forest City’s development 550 Vanderbilt in Prospect Heights. Over the summer, his team lost several key agents. — Konrad Putzier

Note: A previous version of this post noted that the Shawn Elliott’s website lists 21 agents. A spokesperson has since told TRD that the website is not up-to-date and that the firm has 40 agents.