Compass | The Real Deal New York

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Compass

90 Fifth Avenue
New York, NY 10011
(212) 913-9058
Website

Compass is a residential brokerage in New York City that launched in 2013 as Urban Compass. (It changed its name in early 2015, complete with a new website.)

The firm was co-founded by Ori Allon, a computer-science Ph.D. from Australia who had been working as the engineering director of Twitter's New York office. Not surprisingly, then, much of Compass' early buzz in the marketplace and its appeal to brokers hinged on in-house technology that supposedly not only cut down on administrative work but also facilitated faster reaction to listing changes and debuts. Skepticism remains, however, about just how liberating and fast Compass technology is.

What is not in dispute is that Compass has piled on big names and big assignments since its founding. Leonard Steinberg, long one of Douglas Elliman's top-performing Manhattan brokers, joined Compass in 2014 as president. Other big names include Kyle Blackmon, formerly of Brown Harris Stevens; Jay Glazer of Warburg Realty; and Gene Martinez from the Corcoran Group.

Compass investors have also included notable names such as landlord and developer Bill Rudin and SalesForce.com founder Marc Benioff as well as institutions such as Goldman Sachs. Indeed, the brokerage's executive ranks claim quite a few banking and consultancy alums.

Its new-development exclusives include the Arthur in Chelsea; Seven Harrison in Tribeca; Five Sixty West 24th, also in Chelsea; and 152 Elizabeth Street in Nolita.

Compass is headquartered in Union Square. Robert Reffkin, who worked at Goldman Sachs, including in its private-equity wing, is Compass CEO and, along with Allon, a founder.

-TA


07/21/17
...Clockwise from top left: Miami Beach, Compass founder and CEO Robert Reffkin, Venice Beach, Quicken Loans building. Investors are putting their...

07/20/17
...Union Square is the headquarters of the brokerage Compass, which holds space on floors three through 11. Until 2013, the building was majority occupied by...

07/20/17
...down from an original asking price of $44 million. Compass’ Kyle Blackmon has the listing. He was not available for comment. 8220 Narrows Avenue 8220 Narrows...

07/19/17
...Zillow's Spencer Rascoff and Compass...

07/18/17
...StreetEasy would have to pay the fee out-of-pocket. Compass will take the same approach. Bess Freedman, executive vice president of BHS, said the...

07/18/17
From LLNYC: Ten years ago, I never imagined I would be — seriously — asking Paris Hilton whether she would consider running for president of...

07/18/17
...The head of Compass, Robert Reffkin — pictured here as the hare — and Douglas Elliman CEO Howard Lorber — pictured...

07/17/17
...a black suit and T-shirt, the CEO of Compass addressed a pumped-up crowd of 300 agents at the former warehouse located along San Francisco...

07/16/17
...The listing at 72 East 1st Street (credit: Compass) From LLNYC: If you've ever stood at the corner of East 1st Street and...

07/16/17
...Brooklyn carriage house is on the market with Compass...

07/15/17
...TRD examines how relative newcomers Douglas Elliman and Compass are struggling to gain traction in La La Land — and why their approaches to...

07/14/17
...other real estate tech startups, particularly companies like Compass, TripleMint, ZipRealty, Findwell, and LG Fairmont. Redfin has not been profitable since its 2004 launch...

07/14/17
...Sprint's Marcelo Claure and 269 West 11th Street (Credit: Compass) Great cell phone service is one thing the residents of West 11th Street won't...

07/14/17
...From left: Elliman's Susan de Franca, Compass...

07/14/17
...From left: Rendering of Soori High Line, Compass’ Toni Haber and James Morgan It’s Compass in, Sotheby’s out at one...

07/13/17
...One unit is currently on the market with Compass at $7.8 million. RKF's Brian Segall marketed the retail space. Slate Property Group recently bought...

07/13/17
...suite is accessible via an original marble staircase. Compass...

07/12/17
...cellar capable of holding 1,000 bottles. Jacques Cohen of Compass has the listing. He could not be immediately reached for comment. 15 Central Park West...

07/11/17
...a top producing broker who was fired from Compass just over two weeks ago, has joined the Corcoran Group. Glazer made the announcement...

07/11/17
...a trail for companies such as Suitey, Findwell, Compass, TripleMint, ZipRealty and LG Fairmont. But while it's been expanding steadily and increasing revenues...

07/08/17
The ever-looming fear of being nuked into oblivion drove people a little crazy during the Cold War years. And architect and city planner Oscar Newman...

07/06/17
Spanish lender Banco Santander wants to sell a 51 percent stake in a staggering mortgage and property portfolio for $5.7 billion and identified the Blackstone...

07/06/17
...turn-key” home for $29 million, according to StreetEasy. A Compass team led by Leonard Steinberg has the listing. Steinberg was not immediately available for...

07/05/17
Alan Bell’s B&B Urban plans to break into the Brooklyn market by bringing an affordable housing building with 100 residential units to East New York’s...

07/03/17
...Town Residential, Warburg Realty, Stribling & Associates and Compass have all signed onto the syndication deal. With one consolidated listings feed, the firms...
Compass Realty Central, Real Estate Salesperson
1110 South Avenue, Staten Island, NY, (718) 232-6400
...
Stribling & Associates, Real Estate Salesperson
340 West 23rd Street, New York, NY, (212) 570-2440
...
Compass, Real Estate Salesperson
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
514 2nd Street, Brooklyn, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
514 2nd Street, Brooklyn, NY, (212) 913-9058
...
Compass, Associate Broker
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
136 North 10th Street, Brooklyn, NY, (212) 913-9058
...
Stribling & Associates, Associate Broker
340 West 23rd Street, New York, NY, (212) 570-2440
...
Compass, Real Estate Salesperson
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Sotheby's International Realty, Associate Broker
38 East 61st Street, New York, NY, (202) 606-7600
...
Compass, Associate Broker
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Associate Broker
514 2nd Street, Brooklyn, NY, (212) 913-9058
...
Compass, Associate Broker
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
514 2nd Street, Brooklyn, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Associate Broker
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
514 2nd Street, Brooklyn, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
136 North 10th Street, Brooklyn, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
390 Park Avenue, 14th Floor, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
514 2nd Street, Brooklyn, NY, (212) 913-9058
...
To see all, go to Advanced Search
  • Event Sales
  • Address 269 West 11th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 8,540
  • Price $ 27,400,000
  • Publication Date 04/01/2017
  • Event Date 02/27/2017
  • Party 1 269 WEST 11TH LLC C/O Justyn Volesko, AJ Wealth LLC
  • Party 1 Entity 269 WEST 11TH LLC
  • Party 1 Brokerage Compass
  • Party 1 Broker Debra Kameros
  • Party 2 MCY Real Estate
notes
The 5-story residential property was sold for $27.4 million.
  • Event Retail Leasing
  • Address 48 Macdougal Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 1,200
notes
The Japanese restaurant signed a lease.
  • Event Office Leasing
  • Address 90 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 25,000
notes
The residential real estate brokerage is expanding its lease.
  • Event Office Leasing
  • Address 2150 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 8,725
notes
The residential brokerage signed a lease.
  • Event Office Leasing
  • Address 262 Bowery
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 3,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Milestone Equities
  • Party 1 Brokerage Milestone Equities
  • Party 1 Broker Isadore Betesh, Marc Betesh
  • Party 2 Nulab
  • Party 2 Brokerage Compass
  • Party 2 Broker Jake Velazquez
notes
The technology company signed a lease.
  • Event Retail Leasing
  • Address 1961-1963 Seventh Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 2,305
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Local Investors
  • Party 1 Brokerage SCG Retail
  • Party 1 Broker Seth Kessler, Ian Rice
  • Party 2 Kathy Kuo Home
  • Party 2 Brokerage Compass
  • Party 2 Broker Jake Velazquez
notes
The boutique furniture store signed a lease.
  • Event Sales
  • Address 123 Second Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 6,000,000
  • Publication Date 11/01/2016
  • Event Date 09/15/2016
  • Party 1 George Pasternak
  • Party 1 Brokerage Compass
  • Party 2 Ezra Jason Wibowo
notes
A vacant lot that was once home to a rental building that was destroyed in a gas explosion sold for $6 million.
  • Event Office Leasing
  • Address 10 East 53rd Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 17,000
notes
The brokerage signed a lease for the 16th and 17th floors.
  • Event Retail Leasing
  • Address 444 Broome Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 500
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 Sherr Equities
  • Party 1 Brokerage Sherr Equities
  • Party 1 Broker Harold Sherr
  • Party 2 Daniel Wellington
  • Party 2 Brokerage Compass
  • Party 2 Broker David Graff
notes
The watch company signed a 5-year lease.
  • Event Retail Leasing
  • Address 90 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 25,204
  • Price per foot $ 95.00
notes
The real estate tech company signed an expansion lease.
  • Event Office Leasing
  • Address 136 North 10th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 4,000
  • Publication Date 10/01/2015
  • Event Date 08/22/2015
  • Party 1 C&L Trading
  • Party 1 Brokerage Delta Commercial Real Estate
  • Party 1 Broker Adrian Langsner-Smilovici, Rae Brown
  • Party 2 Compass
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Ethan Silverstein, Jason Greenstone, James McCaffrey
notes
The firm signed a lease.
  • Event Office Leasing
  • Address 19 Union Square West
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 9,233
  • Event Office Leasing
  • Address 390 Park Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 10,700
  • Publication Date 11/01/2014
  • Event Date 09/17/2014
  • Party 1 RFR Holding
  • Party 2 Urban Compass
notes
The tenant signed a lease to occupy the 14th floor.
  • Event Office Leasing
  • Address 31 Penn Plaza
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 6,822
notes
The food-service management firm signed a new 10-year lease for part of the sixth floor.
  • Event Financing
  • Address 960 Sixth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Publication Date 01/01/2012
  • Event Date 11/22/2011
  • Party 1 Hidrock Realty
  • Party 2 BBVA Compass
notes
A $36 million construction loan was provided to convert the building into a hotel. The planned Courtyard Marriott will include 167 rooms, a rooftop bar and retail, and should be completed by October 2012. Hotel building.
  • Event Office Leasing
  • Address 130 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 3,400
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 130 William Street Holdings
  • Party 1 Brokerage In-house
  • Party 2 Compass Rose Services
  • Party 2 Brokerage Coldwell Banker Commercial Hunter Realty
  • Party 2 Broker Ryan Rozins, Neil Murray
notes
The insurance firm signed a long-term lease.
  • Event Office Leasing
  • Address 1345 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 84,000
notes
The Spanish bank signed a lease renewal and expanded its office space.
  • Event Office Leasing
  • Address 55 Washington Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 1,943
notes
The hospice service provider signed a lease.
  • Event Office Leasing
  • Address 63 Madison Avenue
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 9,771
  • Publication Date 06/01/2004
  • Event Date 04/22/2004
  • Party 1 Bank of New York Mellon
  • Party 1 Brokerage CBRE
  • Party 1 Broker Jeremy Lincoln
  • Party 2 Encompass Media
  • Party 2 Brokerage Hunter Realty
  • Party 2 Broker Richard Gottlieb, Gregory Kraut, Michael Okun
notes
Publisher subleases space, moving from 120 Fifth Ave
Manhattan, 10035
COMPASS POINT LLC
1721 Park Avenue is a 13,623 square foot property built in 1925 in...
Bronx, 10460
SAMARITAN-COMPASS III & IV HOUSING DEV FUND CORP
1559 Boone Avenue is a 10,000 square foot property built in 1931 in...
Bronx, 10460
SAMARITAN-COMPASS VI HOUSING DEVELOPMENT FUND CORP
1927 West Farms Road is a 16,000 square foot property built in 1931...
Bronx, 10454
COMPASS POINT LLC
...
Bronx, 10460
SAMARITAN-COMPASS III & IV HOUSING DEV FUND CORP
...
Bronx, 10460
MBD COMPASS ONE B HOU
...
Bronx, 10460
Monadnock Development, SAMARITAN-COMPASS V HOUSING DEVELOPMENT FUND CORP
...

02/24/17
...new business, picking up just $2 billion in exclusives. Compass, which picked up over $1.5 billion in exclusives in 2015, landed only one approved Manhattan project...

12/21/16
...umbrella.” From left: Ori Allon and Robert Reffkin 3. Compass, $75M fundraising round Is Compass even a tech company? While many in real estate...

Residential condo development is the riskiest sector within the risky business of real estate. Evidence for that is found in both the outsized returns builders...

...the Modlin Group’s Adam Modlin ($328.1 million) and Compass President Leonard Steinberg ($297.8 million). The ordering at the top represents a significant reshuffling from...

...Click to enlarge) Compass, a newcomer on the Hamptons real estate scene, scored a coup last October when...

share-of-sales-feature
05/06/16
...this high since before the financial crisis,” said Compass agent Takk Yamaguchi, citing sales price increases over the last six months.  ...

...Brown Harris Stevens, Stribling & Associates and upstart Compass did so for dollar volume, with $2.2 billion, $872.9 million and $810.5 million in exclusives, respectively. Collectively...

...Jason Walker, who also came from Elliman via Compass. According to Osher, who co-founded his firm with the Cayre family, recruiting agents is...

01/08/16
...said Gabriele Sewtz, a Park Slope-based broker with Compass. Even in neighborhoods like Bay Ridge, the big name brokers are starting to enter...

01/05/16
...It’s taking advantage of unsophisticated sellers,” said Compass CEO Robert Reffkin. “Their pitch book tells you, an unsophisticated seller, that more buyers...

...s top tech fundraisers, such as residential brokerage Compass, which has raised $123 million to date, and VTS, a cloud-based tool for the commercial...

12/31/15
...appear willing to play ball with the firm. Compass vs. everyone Robert Reffkin Another beneficiary of venture capital was residential brokerage Compass, which...

12/28/15
Buyers of pricey Manhattan real estate tapped the brakes in 2015, according to Olshan Realty’s year-end market report, which revealed a 16 percent drop in...

12/07/15
...Monadnock Development applied to build one of the Compass Residences buildings, which will include 185 units at 1905 West Farms Road. The full 10-building development...

11/05/15
The revenue for Stuyvesant Town and Peter Cooper Village has risen steadily over the past few years, and one path to growth has been the...

...London. Leonard Steinberg, president of the Manhattan-based brokerage Compass, said “other centers beside those” also draw interest. Last month, during a panel discussion...

Bulk Condos
Everyone knows, if you want to save money, buy in bulk. With prices for condos and co-ops in the stratosphere, bargain hunting these days is...

09/09/15
...of data pulled from OLR as of Aug. 3, 2015. Compass’ Leonard Steinberg, for example, who joined the startup as president last summer after 13 years...

...currently completing the first phase of the 10-building Compass Residences, a complex being built in Crotona Park East in an area that was...

07/28/15
...of the tax deduction,” said Leonard Steinberg of Compass. Ed Mermelstein, a real estate lawyer, noted that wealthy individuals often finance home purchases...

...Harris Stevens’ John Burger. They were followed by Compass President Leonard Steinberg and business partner Hervé Senequier at No. 6; BHS’ Paula Del Nunzio...

...at Elliman, Victoria Shtainer, decamped for upstart brokerage Compass in May. At Elliman, Shtainer, a former a litigator for Allstate Insurance, handled about...

...on selling his firm. In April, insiders said Compass was in talks to acquire the firm and last month several sources said that...

...s defection of top agent Kyle Blackmon to Compass — which was included in the mid-sized ranking — Willkie said the firm’s growth coincides...

...more buildings, we did larger transactions,” Garfield said. Compass, which launched in 2013 and clocked in at No. 9, closed $394.3 million, according to TRD’s...
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Compass
New median price records were set Downtown, on the Upper West Side, Midtown East and Midtown West. Also, nearly 24 percent of all residential inventory...

The average price per buildable square foot of residentially zoned development sites in Brooklyn in 2014 is up 19% from the previous year, according to...
Bronx, 10460
Monadnock Development, SAMARITAN-COMPASS V HOUSING DEVELOPMENT FUND CORP
...
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