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Town Residential
Town Residential is a real estate brokerage firm founded in 2010 by Andrew Heiberger, chief executive officer. The firm disclosed April 19, 2018, that it would cease sales and leasing operations effective immediately, and would focus on new development. Town Residential specialized in residential sales; leasing; the marketing, sales and leasing of property developments; commercial and retail. Named among the Top 50 Best Places to Work in New York City by Crains. At its peak, Town had nearly 600 agents in more than 10 Manhattan, Brooklyn and Queens locations. Town Residential joined forces with South Florida’s Fortune International Group, London’s Chestertons, Chicago's Dream Town, and Toronto's Forest Hill Real Estate to create a network of more than 3,600 professionals within more than 185 offices throughout New York City, Miami, London as well as São Paulo, Brazil; Buenos Aries, Argentina; Punta del Este, Uruguay; Mexico City, Mexico; and Dubai.
In 2013, the firm absorbed boutique brokerage Thomas & Ingram, which focuses on sales in the West Village. Heiberger is also the founder of Citi Habitats, a brokerage that initially focused on rentals, which he sold to NRT.
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04/16/19
...we do,” Shapiro said.
Andrew Heiberger, whose firm Town Residential shuttered last year when it had 600 agents, had a team of 18 dedicated commercial brokers...
04/04/19
...the financial burden of competing in high-split environment, Town Residential abruptly shuttered its doors. With Compass' acquisition of Stribling — its first on its home...
04/03/19
...brokerage industry, with former prominent names such as Town Residential going under while industry leaders such as Elliman and Corcoran have plotted out paths...
04/03/19
...a hard-money lender to finance the deal.
Meanwhile, Town Residential’s Vicki Zhi Saali said one of her clients signed a contract in June...
03/28/19
...Heiberger, who founded Citi Habitats and the now-defunct Town Residential, said for a residential firm, relying heavily on commercial “is not really something you...
03/27/19
...corrected 22 percent,” said Andrew Heiberger, the CEO of Town Residential.
Between 2013 and 2015, construction costs did indeed jump by 5 percent, and last year those expenses...
03/21/19
...Luciane Serifovic
Luciane Serifovic — a former executive at Town Residential and Douglas Elliman — is launching a boutique real estate firm targeting entertainment and sports...
03/13/19
...and former CEO of the recently shuttered brokerage Town Residential and of Citi Habitats — said Feldman’s location is “the prime of the prime...
...and former CEO of the recently shuttered brokerage Town Residential and of Citi Habitats — said Feldman’s location is “the prime of the prime...
02/25/19
...and deserving, and other parts are fiction,” said Town Residential CEO Andrew Heiberger. “Sometimes when a property is on the border, or over the...
02/06/19
...to cooperate.
It was also the year that Town Residential closed its doors and brokerages were generally scrambling to recalibrate to keep up.
The...
02/01/19
...including Warburg Realty, Stribling & Associates and now-defunct Town Residential — partly in protest after StreetEasy refused to accept the RLS feed.
Though Warburg and...
...to cooperate.
It was also the year that Town Residential closed its doors and brokerages were generally scrambling to recalibrate to keep up.
The...
01/25/19
...of a $100 million libel lawsuit Gladstone filed against Town Residential and Andrew Heiberger in March 2017, claiming the brokerage executive defamed him as the two...
01/09/19
...flashy marketing campaigns at both Douglas Elliman and Town Residential — to lead marketing for its accelerator program.
WeWorkLabs, which re-launched last year, provides early-stage...
01/03/19
Ex-Rockefeller property tops list of biggest Westchester residential sales An estate owned by David Rockefeller that sold for $33 million in February 2018 was the...
01/03/19
...which has seen former big players such as Town Residential and Eastern Consolidated bow out of the game.
But not everyone thinks Herman’s...
01/02/19
...the listing fee,” said Andrew Heiberger, CEO of Town Residential. “You don’t want to disincentivize brokers from looking at your property because they...
01/02/19
...of construction corruption” by Kathryn Brenzel (April issue)
4. “Town Residential shutting down sales, leasing business” by E.B. Solomont & Hiten Samtani (April 19, online...
...of construction corruption” by Kathryn Brenzel (April issue)
4. “Town Residential shutting down sales, leasing business” by E.B. Solomont & Hiten Samtani (April 19, online...
12/31/18
...and property trades, they broke the news of Town Residential closing shop and tried to answer existential questions like, “are the days of the...
12/31/18
...which was largely pegged to the collapse of Town Residential, detailed the perfect storm of financial challenges that have intensified for residential brokerages in...
12/28/18
...The hasty and unforeseen closures this year of Town Residential and Eastern Consolidated could have seemed like acts of God to hundreds of rank-and-file...
12/27/18
...corrected 22 percent,” said Andrew Heiberger, the CEO of Town Residential.
Between 2013 and 2015, construction costs did indeed jump by 5 percent, and last year those expenses...
12/17/18
...Madison and its partners sued the now-defunct brokerage Town Residential last year over the marketing of the condo project at 212 Fifth Avenue in NoMad...
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Town Residential, Associate Broker
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
337 West Broadway, New York, NY, (212) 398-9800
...
Niche Real Estate and Marketing, Real Estate Salesperson
204 Huntington Street, Suite 3K, Brooklyn, NY
204 Huntington Street, Suite 3K, Brooklyn, NY
...
Halstead Property, Real Estate Salesperson
2169 Frederick Douglass Boulevard, New York, NY, (212) 381-2577
2169 Frederick Douglass Boulevard, New York, NY, (212) 381-2577
...
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
88 Greenwich Street, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
88 Greenwich Street, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
88 Greenwich Street, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
88 Greenwich Street, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
88 Greenwich Street, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
88 Greenwich Street, New York, NY, (212) 398-9800
...
Brickwood Realty, Associate Broker
270 Grand Street, Brooklyn, NY, (646) 517-4777
270 Grand Street, Brooklyn, NY, (646) 517-4777
...
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
88 Greenwich Street, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
110 Fifth Avenue, New York, NY, (212) 398-9800
110 Fifth Avenue, New York, NY, (212) 398-9800
...
Town Residential, Real Estate Salesperson
110 Fifth Avenue, New York, NY, (212) 398-9800
110 Fifth Avenue, New York, NY, (212) 398-9800
...
EXR Group, Real Estate Salesperson
160 Havemeyer Street, Brooklyn, NY, (212) 991-8983
160 Havemeyer Street, Brooklyn, NY, (212) 991-8983
...
Town Residential, Associate Broker
110 Fifth Avenue, New York, NY, (212) 398-9800
110 Fifth Avenue, New York, NY, (212) 398-9800
...
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- Event Office Leasing
- Address 156 West 56th Street
- Neighborhood Midtown
- Borough Manhattan
- Square feet 2,415
- Publication Date 02/21/2018
- Event Date 02/15/2018
- Party 1 CITYSPIRE
- Party 2 NY Police & Fire Widows & Children's Benefit
- Party 2 Brokerage Town Residential
notes
The non-profit inked a lease in Midtown.
- Event Sales
- Address 70 Hester Street
- Neighborhood Lower East Side
- Borough Manhattan
- Square feet 1,875
- Price $ 5,900,000
- Price per foot $ 3,146.67
- Publication Date 07/01/2016
- Event Date 05/15/2016
- Party 1 CSC Landscape Holdings
- Party 1 Brokerage Town Residential
- Party 1 Broker Tom Brady
- Party 2 Cerfco Participações
- Party 2 Brokerage Brown Harris Stevens
- Party 2 Broker Noeline Cuker
notes
The synagogue sold for $5.9 million from Christine Svenningsen.
- Event Sales
- Address 207-209 West 107th Street
- Neighborhood Upper West Side
- Borough Manhattan
- Price $ 13,700,000
- Publication Date 07/01/2016
- Event Date 05/15/2016
- Party 1 Jeomill Realty
- Party 1 Brokerage Town Residential
- Party 1 Broker Julie Weintraub
- Party 2 Brooklyn Standard Properties
- Party 2 Brokerage Brooklyn Standard Properties
- Party 2 Broker Benji Kohn, David Manheimer
notes
The property sold for $13.7 million.
- Event Sales
- Address 207-209 West 107th Street
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 29,300
- Price $ 13,650,000
- Price per foot $ 465.87
- Publication Date 06/01/2016
- Event Date 05/18/2016
- Party 1 Jeomill Realty
- Party 1 Brokerage Town Residential
- Party 1 Broker Julie Weintraub
- Party 2 Brooklyn Standard Properties
- Party 2 Brokerage Brooklyn Standard Properties
- Party 2 Broker Benji Kohn, David Manheimer
notes
The property sold for $13.65 million.
- Event Retail Leasing
- Address 157 Seventh Avenue South
- Neighborhood West Village
- Borough Manhattan
- Square feet 600
- Publication Date 01/01/2016
- Event Date 11/17/2015
- Party 1 Perry Street Properties
- Party 1 Brokerage Town Residential
- Party 1 Broker Tom Brady, Salvadore Falcone
- Party 2 Greystone Property Development
- Party 2 Brokerage Town Residential
- Party 2 Broker Tom Brady, Salvadore Falcone
notes
The company signed a lease for a new sales office.
- Event Sales
- Address 123 Mulberry Street
- Neighborhood Little Italy
- Borough Manhattan
- Square feet 15,100
- Price $ 12,300,000
- Price per foot $ 814.57
- Publication Date 12/01/2015
- Event Date 10/22/2015
- Party 1 CSC Holdings
- Party 1 Brokerage Town Residential
- Party 1 Broker Tom Brady, Salvatore Falcone
- Party 2 Daniel Group
notes
The two-building package, which includes 186 Hester Street, sold for $12.3 million.
- Event Sales
- Address 78 Prospect Park West
- Neighborhood Park Slope
- Borough Brooklyn
- Square feet 41,000
- Price $ 28,000,000
- Price per foot $ 682.93
- Publication Date 10/01/2015
- Event Date 08/22/2015
- Party 1 78 Prospect Park West LLC
- Party 1 Brokerage Town Residential
- Party 1 Broker Aaron Mazor, Jonathan Butwin, Scott Dweck
- Party 2 Madison Realty Capital, Steelpoint Property Group
- Party 2 Brokerage Town Residential
- Party 2 Broker Aaron Mazor, Jonathan Butwin, Scott Dweck
notes
The residential elevator building with seven stories, 41 units, sold for $28 million.
- Event Retail Leasing
- Address 446 West 14th Street
- Neighborhood West Village
- Borough Manhattan
- Square feet 4,400
- Publication Date 09/01/2015
- Event Date 07/23/2015
- Party 1 Thor Equities
- Party 1 Brokerage Thor Equities
- Party 2 Mr. Brainwash
- Party 2 Brokerage Town Residential
- Party 2 Broker Andrew Heiberger, Asaf Bar-Lev
notes
The filmmaker and artist signed a lease for his gallery.
- Event Retail leasing
- Address 163 West 10th Street
- Neighborhood West Village
- Borough Manhattan
- Square feet 300
- Price per foot $ 143.00
- Publication Date 08/01/2015
- Event Date 06/22/2015
- Party 1 163 W. 10th
- Party 1 Brokerage Town Residential
- Party 1 Broker Tom Brady
- Party 2 Te' Company
- Party 2 Brokerage Town Residential
- Event Retail leasing
- Address 9 Clinton Street
- Neighborhood Lower East Side
- Borough Manhattan
- Square feet 1,200
- Publication Date 08/01/2015
- Event Date 06/22/2015
- Party 1 HM Village Realty
- Party 1 Brokerage Town Residential
- Party 1 Broker Tom Brady, Sal Falcone
- Party 2 Anthom
- Party 2 Brokerage CORE
- Event Sales
- Address 734 Broadway
- Neighborhood Noho
- Borough Manhattan
- Square feet 12,500
- Price $ 17,000,000
- Price per foot $ 1,360.00
- Publication Date 07/01/2015
- Event Date 05/22/2015
- Party 1 Extell Development
- Party 2 Thor Equities
- Party 2 Brokerage Town Residential
- Event Retail leasing
- Address 251 West 81st Street
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 800
- Publication Date 06/01/2015
- Event Date 04/22/2015
- Party 1 Brokerage Sinvin Real Estate
- Party 1 Broker Steve Rappaport, Jeff Bak
- Party 2 Harmony by Karate
- Party 2 Brokerage Town Residential
- Event Sales
- Address 412 Greenwich Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 3,890
- Price $ 9,400,000
- Price per foot $ 2,416.45
- Publication Date 06/01/2015
- Event Date 04/22/2015
- Party 1 Taconic Investment Partners
- Party 1 Brokerage Town Residential
- Party 1 Broker Jonathan Butwin
- Party 2 Brokerage Town Residential
- Event Retail Leasing
- Address 132 Perry Street
- Neighborhood West Village
- Borough Manhattan
- Square feet 3,700
- Price per foot $ 125.00
- Publication Date 03/31/2015
- Event Date 02/19/2015
- Party 1 132 Perry Retail LLC
- Party 1 Brokerage in-house
- Party 2 277 West 10th Owner LP
- Party 2 Brokerage Town Residential
- Event Sales
- Address 754 Grand Street
- Neighborhood Williamsburg
- Borough Brooklyn
- Price $ 4,300,000
- Publication Date 02/01/2015
- Event Date 12/18/2014
- Party 1 Broker Brendan Maddigan
- Party 2 Brokerage Town Residential
- Party 2 Broker Matt Fernandez
- Event Office Leasing
- Address 244 East 32nd Street
- Neighborhood Kips Bay
- Borough Manhattan
- Square feet 1,500
- Publication Date 12/01/2014
- Event Date 10/17/2014
- Party 1 Two Four Four LLC
- Party 1 Brokerage Town Residential
- Party 1 Broker Tom Brady, Rory Nichols, Sal Falcone
- Party 2 New York College of Health Professions
- Party 2 Brokerage Town Residential
- Party 2 Broker Tom Brady, Rory Nichols, Sal Falcone
notes
The tenant signed a ground floor, five-year lease.
- Event Sales
- Address 195 Bowery
- Neighborhood Nolita
- Borough Manhattan
- Price $ 4,000,000
- Publication Date 11/01/2014
- Event Date 09/17/2014
- Party 1 Thor Equities
- Party 1 Broker Tom Brady
- Party 2 Bowery B LLC
- Party 2 Brokerage Town Residential
- Party 2 Broker Tom Brady
- Event Office Leasing
- Address 244 East 32nd Street
- Neighborhood Kips Bay
- Borough Manhattan
- Square feet 1,500
- Publication Date 11/01/2014
- Event Date 09/17/2014
- Party 1 Two Four Four LLC
- Party 2 New York College of Health Professions
- Party 2 Brokerage Town Residential
- Party 2 Broker Tom Brady, Rory Nichols, Sal Falcone
notes
The tenant signed a five-year lease.
- Event Office Leasing
- Address 529 Fifth Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 12,455
- Publication Date 10/01/2014
- Event Date 08/22/2014
- Party 1 Leo Schachter Diamonds
- Party 1 Brokerage Town Residential
- Party 1 Broker Leah Rubin
- Party 2 Sasha Primak
- Party 2 Brokerage Vicus Partners
- Party 2 Broker Andrew Stein
notes
The jewelry manufacturer signed a 15-year lease for the full 15th-floor space.
- Event Retail Leasing
- Address 176 Macdougal Street
- Neighborhood Greenwich Village
- Borough Manhattan
- Square feet 625
- Publication Date 07/01/2014
- Event Date 05/22/2014
- Party 1 Brokerage Buchbinder & Warren
- Party 1 Broker William Abramson, Matthew Olden
- Party 2 Spina de Fiori
- Party 2 Brokerage Town Residential
- Party 2 Broker Esteban Gomez
notes
The event management company leased retail space.
- Event Retail Leasing
- Address 142 West 23rd Street
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 2,100
- Publication Date 06/01/2014
- Event Date 04/22/2014
- Party 1 Greenhorn Development
- Party 1 Brokerage Ripco Real Estate
- Party 1 Broker Jason Pennington, Zachary Nathan
- Party 2 Naftali Group
- Party 2 Brokerage Town Residential
- Party 2 Broker Tom Brady
notes
The developer signed a lease for showroom space for a new condo building.
- Event Office Leasing
- Address 120 Wooster Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 5,000
- Price per foot $ 75.00
- Publication Date 06/01/2014
- Event Date 04/22/2014
- Party 1 120 Wooster
- Party 1 Brokerage Sinvin Real Estate
- Party 1 Broker Christopher Owles, James Costello
- Party 2 Spring Studios
- Party 2 Brokerage Town Residential
- Party 2 Broker Esteban Gomez
notes
The production studio signed a six-month lease.
- Event Retail Leasing
- Address 163 West 10th Street
- Neighborhood West Village
- Borough Manhattan
- Square feet 1,000
- Publication Date 03/01/2014
- Event Date 01/20/2014
- Party 1 HM Village Realty
- Party 1 Brokerage Town Residential
- Party 1 Broker Tom Brady, Gage Rand
- Party 2 Mezzrow
notes
The jazz lounge signed a 10-year lease.
- Event Retail Leasing
- Address 135 Seventh Avenue South
- Neighborhood West Village
- Borough Manhattan
- Square feet 1,100
- Publication Date 03/01/2014
- Event Date 01/20/2014
- Party 1 HM Village Realty
- Party 1 Brokerage Town Residential
- Party 1 Broker Tom Brady, Gage Rand
- Party 2 Prime 135
notes
The restaurant signed a 10-year lease.
- Event Retail Leasing
- Address 345 East 9th Street
- Neighborhood East Village
- Borough Manhattan
- Square feet 510
- Publication Date 03/01/2014
- Event Date 01/20/2014
- Party 1 Sanicola Property
- Party 1 Brokerage Town Residential
- Party 1 Broker Tom Brady, Salvatore Falcone
- Party 2 Universal Realty Group LLC
notes
The real estate company leased retail space for five years.
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02/24/17
...fell to just one small Harlem project, and Town Residential, recently taken off Madison Equities, Building and Land Technology and Thor Equities’ 212 Fifth Avenue...
12/01/16
...not realistic,” said Prince Dockery, a broker at Town Residential , speaking about prices in the townhouse sector.
Dockery said the drop in townhouse sales...
06/24/16
...said Julia Miller, leasing and sales manager at Town Residential.
But when it comes to vacancies, one landlord’s disappointment is another’s boon...
02/29/16
...year for the last three years? Or that Town Residential has more than doubled its agent roster since 2012? The Real Deal's new research website...
01/05/16
...similar alliance with Monaco-based John Taylor. In early 2015, Town Residential inked a partnership with Miami-based Fortune International Group. And in November, townhouse brokerage Leslie...
...tech tools during the first quarter.
Meanwhile, in 2015, Town Residential introduced a cloud-based platform, developed in-house and accessible anywhere, which gives agents access to...
...million and $49 million in exclusive rental listings, respectively. Town Residential, a considerably smaller firm, placed third with $37 million, while Brown Harris Stevens ($31 million) and...
...been pushing deeper into Brooklyn for years now.
Town Residential’s executive vice president of leasing, Itzy Garay, said the competition, which is getting...
09/09/15
...Braddock
“There is perception and publicity damage,” said Town Residential CEO Andrew Heiberger, who noted that in some instances, there is also a domino...
...Joe Sitt — CEO of Thor Equities, co-owner of Town Residential and founder of the Ashley Stewart clothing store — owns 71 Ocean Avenue, just up the...
...were Elliman, Corcoran, Halstead Property, Citi Habitats and Town Residential.
(Click to enlarge)
As a group, Manhattan’s 12 biggest firms — only the borough’s...
...similar disparities between listings volume and closed deals.
Town Residential had $437 million worth of listings as of March 29, but it closed $527.9 million in exclusive...
...million in 2012.
Wendy Maitland, director of sales at Town Residential, said there’s a greater number of “really big numbers,” but all are “very...
...Kim of Urban Compass and Shlomi Reuveni of Town Residential
The wave of new developments hitting the market is changing more than just the...
...Ile Saint-Louis, said Sofia Falleroni, a broker with Town Residential, who works with buyers from France.
Other popular destinations for foreign buyers include the...
...are being pushed eastward,” said Jason Karadus of Town Residential, who is co-listing the unit. “Preconceived ideas about what areas are acceptable start to...
...Leslie J. Garfield & Co., Halstead Property and Town Residential were tied with three agents each.
Click to enlarge
Longer lag times
Trophy listings...
...said Wendy Maitland, president of sales at brokerage Town Residential. “It’s not something that happens because you can get a certification or a...
...more than Halstead’s $705.3 million.
New firms like Town Residential are also beginning to grab market share. Founded in 2010, Town had roughly 2.5 percent of...
...though the company claimed to have closed $417.9 million.)
Town Residential closed $254 million, according to StreetEasy, but the firm said the correct figure is $316 million...
...the team in February. And just last month, Town Residential’s new development head, Reid Price, decamped for Elliman.
Town, which is set to...
...of her business.
Click to enlarge
Ashley Teitel
Town Residential
After only a year in the business, Town broker Ashley Teitel is making a...
...them for $23.5 million, according to a listing from Town Residential.
Storefronts at 322, 324 and 340 Canal, sharing the block with Vornado’s building (where the retail...
...here — including Rutenberg Realty, Bond New York, NestSeekers, Town Residential, Bellmarc and Stribling & Associates — either declined to participate or told TRD that were...
...Town Residential founder Andrew Heiberger (left) and Core founder Shaun Osher (right)
Manhattan’s residential brokerage...
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...full report online here.
May 2015 Manhattan residential rentals: TOWN Residential...
