Engel & Völkers is breaking into Brooklyn

Brokerage opens locations in Dumbo, Prospect Heights and Cobble Hill

TRD New York /
May.May 23, 2019 02:30 PM
Donald Brennan and Brooklyn

Donald Brennan and Brooklyn

Engel & Völkers will be the newest entrant into Brooklyn’s residential market.

The firm announced on Thursday that it has opened three new locations in the borough in Dumbo, Prospect Heights and Cobble Hill led by broker Donald Brennan. Brennan’s eponymous brokerage, Brennan Real Estate, will now do business as Engel & Völkers Brownstone Brooklyn.

The Brooklyn team will work with both buyers and sellers in the borough.

“Now more than ever in this shifting market, it is vital that our sellers are able to expose their assets to the largest possible pool of potential buyers,” Brennan said in a statement, explaining his decision to franchise with Engel & Völkers.

Engel & Völkers, a Germany-based firm run by president and CEO Anthony Hitt, has continued to open new offices even as many other residential brokerages close their storefronts. It inked a lease in October for 1,300 square feet at 430 Park Avenue in Midtown for a “shop and lounge” space that will incorporate its yacht and aircraft leasing operation with its real estate sales operation.

The firm employs more than 11,000 real estate advisors across more than 30 countries overall.

Related Articles

Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

85 4th Avenue in Brooklyn (Credit: Google Maps)

New details of Boerum Hill’s next big project unveiled

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

Developers are offering to pay the increased mansion and transfer taxes to give them an edge in a difficult market. (Credit: iStock)

Amid slow sales, developers give buyers a break on mansion taxes

Triplemint’s David Walker and John Scipione with Hoboken, New Jersey (Credit: iStock)

Triplemint expands to New Jersey

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”