Compass is growing rapidly in UWS and Brooklyn

The latest expansion brings Compass’ New York office count to 13

TRD New York /
Aug.August 27, 2019 09:30 AM
From left: Rory Golod, Robert Reffkin and 1328 Fulton Street (Credit: Google Maps)

From left: Rory Golod, Robert Reffkin and 1328 Fulton Street (Credit: Google Maps)

Fresh off raising $370 million in its latest funding round, Compass has opened a new office in Brooklyn and doubled the size of its Upper West Side location, bringing its total office count across the city to 13.

The new office, which opened Monday, is a 6,340 square-foot space located at 1328 Fulton Street in Bedford–Stuyvesant, where top brokers including the DuPree Team and the Werde Ettelson Team will be based. (Ironically, the Corcoran Group handles rental leasing at the property.)

The Upper West Side office, on the first floor and part of the second floor of the Laureate at 2150 Broadway, will now take over the entire second floor of the building as well one its first-floor storefronts, previously occupied by Duane Read. A representative for the brokerage said the office had grown 88 percent in the past 15 months, and now had 132 agents.

Compass is growing its presence in Brooklyn at a time when rents in the area are reaching record highs. According to a representative, Compass has increased its overall headcount in the borough by 20 percent in 2019.

“We are proud to continue to see exponential growth in Brooklyn, the Upper West Side and across the markets we serve,” Rory Golod, regional president of the firm’s New York region said in a statement.

Founded in 2012, Compass is now valued at $6.4 billion, and its latest funding round triggered further speculation about when it might go public.

In a July interview with CNBC, Compass CEO Robert Reffkin said a public offering was “likely,” but said the brokerage was “fortunate, given our capital base, that we have flexibility in timing.”


Related Articles

arrow_forward_ios
Marwan Kheireddine (inset), Jennifer Lawrence and 400 East 67th Street (Getty, Compass, BDL Accelerate)

Jennifer Lawrence’s Upper East Side PH sold at 37% loss

Jennifer Lawrence’s Upper East Side PH sold at 37% loss
Sotheby’s CEO Philip White and McGuire CEO Charles Moore

Sotheby’s International acquires Bay Area mainstay McGuire Realty

Sotheby’s International acquires Bay Area mainstay McGuire Realty
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell (Schumer by Tasos Katopodis/Getty Images; McConnell by Ting Shen/Xinhua via Getty)

Schumer v. McConnell on SALT: Who’s gonna give?

Schumer v. McConnell on SALT: Who’s gonna give?
111 Leroy Street and 817 Fifth Avenue (StreetEasy, Google Maps)

Luxury deals plummet in Manhattan — again

Luxury deals plummet in Manhattan — again
From left: Jared Kushner, 715 Park Avenue, Deutsche Bank CEO Christian Sewing, and Rosemary Vrablic (Credits: Kushner by BRENDAN SMIALOWSKI/AFP via Getty Images; 715 Park via Google Maps; Sewing by by Thomas Lohnes/Getty Images; Vrablic by PAUL LAURIE/Patrick McMullan via Getty Images)

Apartment sale to banker for Trump and Kushner probed

Apartment sale to banker for Trump and Kushner probed
Renderings of 17 Jane Street and Edward J. Minskoff (Renderings via Kristen Krajewski; Minksoff by Patrick McMullan/Patrick McMullan via Getty Images)

Minskoff sells first condo in West Village project for $22M

Minskoff sells first condo in West Village project for $22M
Central Park South saw its median sales price for condos nosedive to $1.5 million (iStock, photo by Gary Hershorn/Getty Images)

Here’s where Covid hit Manhattan condo market hardest

Here’s where Covid hit Manhattan condo market hardest
Corcoran Group CEO Pam Liebman (Photography by Sasha Maslov)

Corcoran absorbs Contra Costa brokerage in NorCal

Corcoran absorbs Contra Costa brokerage in NorCal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...