The residential brokerages that occupy the middle of the Manhattan residential market underwent a shake-up, with some of the prior year’s companies falling off, only to be replaced by a collection of newbie firms. The ranking, which was tracked by dollar volume of listings, and was The Real Deal’s second mid-sized firm survey ever, included firms with between 50 and nearly 260 agents and who weren’t large enough to make TRD’s list of the biggest 12 firms.
TOP MANHATTAN MID-SIZE FIRMS, BY TOTAL VALUE OF LISTINGS
| 2014 Rank | 2013 Rank | Firm | 2014 Total Dollar Volume | 2013 Total Dollar Volume |
|---|---|---|---|---|
| 1 | n/a | Dolly Lenz Real Estate | $156.9 | n/a |
| 2 | 1 | Leslie J. Garfield & Co. | $126.2 | $93.8 |
| 3 | n/a | New York Residence | $120.4 | n/a |
| 4 | 2 | The Modlin Group | $115.3 | $84.2 |
| 5 | n/a | Domus Realty | $82.5 | n/a |
| 6 | n/a | Peter McCuen & Associates | $79.5 | n/a |
| 7 | 4 | Fox Residential Group | $43.9 | $64.40 |
| 8 | 5 | Mercedes/Berk | $38.9 | $38.20 |
| 9 | n/a | Sloane Square | $31.5 | n/a |
Source note: First published in the May 2014 issue of The Real Deal. Data was gathered from OLR on March 30. Rankings include Manhattan-based brokerages and agents with active Manhattan residential listings updated within 360 days. Multi-family properties and listings in contract or that had pending offers were excluded. Firms that primarily represent one building were excluded. In addition, firms that are primarily involved in new development marketing, or that mostly have listings in a new development building that they originally marketed or where they have a connection to the developer were excluded. Firms with 50-plus agents that didn’t make the biggest firms list were eligible.
TOP BOUTIQUE BROKERAGES
The boutique brokerage ranking also saw its share of reshuffling, as several new luxury-focused companies made their impact felt.Most notable was the firm launched last July by power broker Dolly Lenz, who left the city’s largest firm, Douglas Elliman. The new firm,Dolly Lenz Real Estate, is No. 1 on the boutique ranking, with six listings worth $156.9 million at the time of the survey.
TOP MANHATTAN BOUTIQUE FIRMS, BY TOTAL VALUE OF LISTINGS
| Rank | Firm | No. of Listings in 2014 | No. of Agents in 2014 | Total Dollar Value of Listings in 2014 |
|---|---|---|---|---|
| 1 | Stribling & Associates | 126 | 256 | $551.8 |
| 2 | Warburg Realty | 65 | 153 | $166 |
| 3 | CORE | 42 | 78 | $156.9 |
| 4 | Blu Realty | 22 | 58 | $91.3 |
| 5 | Platinum Properties | 11 | 68 | $51.5 |
| 6 | Fenwick Keats | 18 | 94 | $38.2 |
| 7 | Oxford Property Group | 7 | 211 | $32.1 |
| 8 | KIAN Realty | 15 | 172 | $22.4 |
| 9 | Level Group | 10 | 144 | $13.7 |
| 10 | DJK Residential | 11 | 57 | $9.8 |
| 11 | Spire Group | 9 | 161 | $9.7 |
| 12 | City Connections | 10 | 93 | $9.3 |
| 13 | MNS | 6 | 51 | $8.7 |
Source: First published in the May 2014 issue of The Real Deal. Data was gathered from the OLR listing portal on March 30. Rankings include Manhattan-based brokerages and agents with active Manhattan residential listings updated within the last 360 days. Data does not include listings in contract or listings that have pending offers. Firms that primarily represent one building were excluded. In addition, firms that are primarily involved in new development marketing, or that mostly have listings in a new development building that they originally marketed or where they have a connection to the developer were excluded. “Boutique” was defined as firms with two to 50 agents.