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


04/19/17
Southampton saw two hefty sales this week A mystery buyer doled out $26 million for a mansion on Olde Town Lane, 27East reported. Meanwhile, hotshot...

04/19/17
Amagansett, get ready to be scouted. Adam Leibner of N.S. Bienstock, a talent agency for TV production, just bought the house at 40 Gardiner Drive...

04/18/17
...Amy Mendizabal, Calli Sarkesh and Harold Feldman of Compass have the listing. Steinberg declined to comment. 118 East 18th Street 118 East 18th Street  Previous...

04/14/17
...Banker), Paula Silberberg (Douglas Elliman) and Beth Butler (Compass). This year's topics include: -The economics of development amid a new administration and continuing...

04/11/17
...facing garden, gym, wine cellar and rooftop terrace. Compass’ Leonard Steinberg, Herve Senequier, Harold Feldman, Amy Mendizabal and Calli Sarkesh have the listing...

04/07/17
...the townhouse buyer is alive and well,” said Compass President Leonard Steinberg. “It’s a record price, which says the high end is...

04/05/17
...Compass will open its fifth office on the South Fork thanks to the acquisition of...

04/05/17
...her team work out the details for demolition. Compass acquires Montauk’s oldest boutique real estate firm Compass will open its fifth office...

04/05/17
...paid $2.4 million for the place in 2002, 6sqft reported. Compass’ Nick Gavin and Josh Doyle have the listing. Neither of the brokers were available...

04/04/17
...also point to an increase in buyer activity. Compass found contracts signed in the first quarter jumped 16 percent to hit 2,392. Corcoran’s report...

04/03/17
...for instance at Realogy -- whether it’s Compass or Berkshire Hathaway’s business or any of the long standing participants -- Realogy...

03/31/17
...Banker), Paula Silberberg (Douglas Elliman) and Beth Butler (Compass). This year's topics include: -The economics of development amid a new administration and continuing...

03/30/17
...Banker), Paula Silberberg (Douglas Elliman) and Beth Butler (Compass). This year's topics include: -The economics of development amid a new administration and continuing...

03/29/17
...million, which was $11.1 million below the asking price. Compass’ Kyle Blackmon and Steven Halpern have the listing. “We’ve been on the market...

03/26/17
...Drive in Alpine, New Jersey (credit: Evan Joseph/Compass) From LLNYC: Every other day in New York City it seems, yet another billionaire...

03/23/17
...represented the sellers on the co-op deal while Compass...

03/23/17
...and re-listed it a month later for $15 million. Compass...

03/23/17
...short-term rentals. Last month, a former broker with Compass was hit with five violations under the state’s new Airbnb laws. She was...

03/23/17
...twice and is now in the hands of Compass. Last week, the price was shaved to $13.5 million -- a severe price reduction of...

03/22/17
...ceilings, and another 2,000 square feet of below-grade space. Compass took over sales at the project from Keller Williams NYC earlier this month. Billy...

03/22/17
...to about $1.4 million for a 700-square-foot apartment. But Compass President Leonard Steinberg, who is marketing 196 Orchard, said investors are still able to capture...

03/21/17
...Leonard Steinberg and Compass...

03/20/17
...the area so far, according to the publication. Compass...

03/20/17
...Should it do more? Leonard Steinberg, president of Compass, doesn’t think so. “I think some agents who are held to the highest...

03/17/17
...put it back on for $9.995 million in February. Compass...
Compass, Real Estate Salesperson
90 Fifth Avenue, New York, NY, (212) 913-9058
...
Compass, Associate Broker
390 Park Avenue, New York, NY, (212) 308-1000
...
Compass, Associate Broker
390 Park Avenue, New York, NY, (212) 308-1000
...
Compass, Real Estate Salesperson
90 Fifth Avenue, New York, NY, (212) 913-9058
...
Compass, Real Estate Salesperson
90 Fifth Avenue, New York, NY, (212) 913-9058
...
Compass, Associate Broker
90 Fifth Avenue, New York, NY, (212) 913-9058
...
Compass, Founder & Executive Chairman
90 5th Avenue, New York, NY, (212) 913-9058
Ori Allon is the executive chairman and co-founder of Compass, a two-year-old residential...
Compass, Chief Financial Officer
90 5th Avenue, New York, NY, (212) 913-9058
David Snider is chief operating officer of Compass, a two-year-old residential brokerage in...
Compass, Founder & CEO
90 Fifth Avenue, New York, NY, (212) 913-9058
Robert Reffkin is the president and co-founder of Compass, a residential brokerage in...
Compass, Senior Executive
90 5th Avenue, New York, NY, (212) 913-9058
For 18 years and through at least two downturns and one big boom,...
Compass, Associate Broker
90 5th Avenue, New York, NY, (917) 623-7616
Stacey Froelich is a broker at Compass, a two-year-old residential brokerage based in...
Compass, Associate Broker
90 5th Avenue, New York, NY, (917) 969-1746
Natalie Hedden is an agent and a marketing associate on the McHale-Shafer Team...
Compass, Associate Broker
90 Fifth Avenue, New York, NY, (443) 858-5858
Greg McHale is a broker at Compass, a two-year-old residential brokerage based in...
Compass, Associate Broker
90 5th Avenue, New York, NY, (646) 554-3124
Jesse Shafer is a broker at Compass, a two-year-old residential brokerage based in...
Compass, Associate Broker
90 5th Avenue, New York, NY, (610) 212-4869
Kimberlee Knecht is a broker at Compass, a two-year-old residential brokerage based in...
Compass, Associate Broker
90 5th Avenue, New York, NY, (917) 882-3182
Betsey Margolies is a broker at Compass, a two-year-old residential brokerage based in...
Compass, Associate Broker
90 5th Avenue, New York, NY, (917) 674-7258
Ariel Brenner is a broker at Compass, a two-year-old residential brokerage based in...
Compass, Associate Broker
19 Union Square West, New York, NY, (917) 834-6126
Denise LaChance is a broker at Compass, a two-year-old residential brokerage based in...
Compass, Associate Broker
19 Union Square West, New York, NY, (917) 699-3724
Debra LaChance is a broker at Compass, a two-year-old residential brokerage based in...
Compass, Associate Broker
90 Fifth Avenue, New York, NY, (646) 663-1092
Lindsay Barton Barrett is a broker at Compass, a two-year-old residential brokerage based...
Compass, Head of Luxury Sales
90 Fifth Avenue, New York, NY, (646) 798-8898
Kyle Blackmon is a residential real estate broker at Compass, a residential real...
Compass, Senior Vice President and Director, Leasing
90 Fifth Avenue, New York, NY, (646) 375-1932
Leonard Steinberg is the president of Compass, a New York apartment-finder startup. He...
Compass, Associate Broker
90 Fifth Avenue, New York, NY, (212) 913-9058
...
Compass, Licensed Associate Real Estate Broker
390 Park Avenue, 14th Floor, New York, NY, (646) 832-3544
Julia Hoagland is a real estate broker at Compass (formerly Urban Compass), a...
Compass, Real Estate Salesperson
90 Fifth Avenue, New York, NY, (212) 913-9058
...
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  • 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 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 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.
Bronx, 10454
COMPASS POINT LLC
...
Bronx, 10460
MBD COMPASS ONE B HOU
...

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...
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