Charles Rutenberg, now R New York, is expanding to Long Island and Brooklyn

The brokerage is also growing its commercial division

TRD New York /
Sep.September 26, 2018 04:00 PM

Stefani Berkin and beach houses in the Hamptons (Credit: Twitter and iStock)

Charles Rutenberg, rebranded as R New York, is branching out.

The brokerage — which has a 100-percent commission model — has opened a Hamptons office and has a Brooklyn outpost in the works for this fall, the company said in a statement.

It’s a logical progression, said Stefani Berkin, president of R New York, because many New York City clients also have property they rent or own in the Hamptons.

“There’s a tremendous amount of crossover,” she added.

The brokerage is also growing its commercial division, which has been up and running for about six months.

Currently, commercial agents make up about 20 percent of the firm’s more than 700 agents, said. While there’s no target or cap for how much the brokerage wants to grow that figure, Berkin said the effort is partly because she’s seen more interest from agents with a commercial background.

“We’re finding we’re attracting agents to our commercial division,” she said. “The amount of foot traffic, the calls, it’s picked up drastically.”

The brokerage came in 17th on The Real Deal’s 2018 ranking of Manhattan residential firms by dollar volume of closed sales, with $83.3 million in deals. It was 19th on a ranking of listing volume, with about $110.2 million in listings at the time.

Related Articles

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

From left: Pavel Fuks, Michael Cohen, Felix Sater, and Donald Trump (Credit: Getty Images and Wikipedia)

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Rodrigo Niño (Credit: Prodigy Network and iStock)

Embattled Prodigy Network CEO Rodrigo Niño to step down