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Town Residential

33 Irving Place
New York, NY 10003
(212) 398-9800
Website

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.


Tumult at Keller Williams NYC: Interim head out, Midtown office hemorrhages agents, talk of cutting office space
05/22/18
...shutting down entirely, particularly in the wake of Town Residential’s shutdown last month. It’s been confirmed: KWNYC Midtown office is closing up...

WATCH: Andrew Heiberger on Town’s downfall, how traditional brokerage is being “disrupted” … & more
05/17/18
...Closing Town Residential was Andrew Heiberger's last option. No amount of cost-cutting would save the residential firm...

Hardhats show their softer side, Heiberger opens up, and top brokers and developers come to terms with the new market: Highlights from TRD forum
05/16/18
...TRD’s publisher Amir Korangy sat down with Town Residential founder Andrew Heiberger, for his first public appearance since Town went under last month...

Brokerage heads talk Premier Agent, Town’s demise and commissions at TRD forum
05/15/18
...and Forum on Monday -- just weeks after Town Residential closed -- the city's top brokerage heads said they're adjusting to the new normal...

“It was definitely the last option”: Heiberger breaks down Town’s downfall at TRD forum
05/14/18
...evening of April 18, Andrew Heiberger was staring at Town Residential’s first-quarter results. The numbers glaring back at him were “way off” and his...

WeWork takes 100K sf in Chelsea
05/11/18
...The company is also reportedly looking to lease Town Residential’s Union Square location at 33 Irving Place...

WATCH: Are brokerages becoming obsolete?
05/10/18
...brokers are being hit from multiple directions. Although Town Residential...

Douglas Elliman loses $8M in Q1
05/09/18
...challenges in the residential brokerage world. Last month, Town Residential shuttered its resale and leasing operation after CEO Andrew Heiberger said competition and high...

Spire co-founder Kevin Kurland heads to Citi Habitats
05/07/18
...brokerages by closed sales. The firm, founded by Town Residential...

Here’s where Town’s agents have landed
05/03/18
...Public Domain Pictures) As the recruitment frenzy of Town Residential...

Town’s top-producing agent Danny Davis coasts into Corcoran
05/02/18
...Davis, Pam Liebman and 95 Franklin Street Danny Davis — Town Residential...

Ben Shaoul in contract to sell incomplete Liberty Toye for roughly $85M: sources
05/02/18
...million, according to the offering plan. Magnum tapped Town Residential to market the units. Sources said Magnum now plans to withdraw the offering plan...

The death of the brokerage
05/02/18
...sport (Illustration by Chris Koehler) R.I.P., Town Residential. Over the course of a few hours on April 19, when it told agents the...

WeWork could take over Town Residential’s Union Square office
05/01/18
...Place WeWork has shown interest in taking over Town Residential’s Union Square office as the brokerage sheds locations that housed its shuttered sales...

The Real Deal’s May issue is live!
05/01/18
...When Town Residential announced last month that it was shuttering its core resale and leasing businesses, the...

The death of the brokerage
...Illustration by Chris Koehler) R.I.P., Town Residential. Over the course of a few hours on April 19, when it told agents the...

Corcoran continues hiring spree with Town’s Dana Power
04/26/18
...The Corcoran Group has snagged another one of Town Residential...

Corcoran lands “Million Dollar Listing” star Steve Gold from Town
04/26/18
...West 110th Street, Steve Gold and Pam Liebman Town Residential...

Town drops 25% referral fee
04/25/18
...Andrew Heiberger (Credit: Studio Scrivo and Getty Images) Town Residential has dropped plans to charge former agents and their new firms a 25 percent referral...

Top Town managers, surprised at brokerage’s sudden downfall, land at Corcoran, Compass
04/25/18
...Fitzpatrick and Dan Marrello A pair of top Town Residential managers, stunned by last week's announcement that its resale and leasing businesses would close...

Brokers specializing in new condos are doing more, but getting paid less
04/25/18
...seven-figure salaries — are fading from the residential landscape. Town Residential, which hired design guru David Lipman in 2014, has since cut ties with him. Lipman...

Compass in talks for Town’s Flatiron flagship
04/24/18
...Compass is in late-stage talks to take over Town Residential...

Stribling ups the ante on real estate reports: real-time data
04/24/18
...report on contracts in the townhouse market, while Town Residential launched a Manhattan-focused report in late 2016. Compass' app allows users to track minute-by-minute data...

Town Residential’s real estate predicament: Few agents but four offices
04/24/18
...Town's Astor Place office At least three of Town Residential’s Manhattan offices are potentially in play as the gravely wounded brokerage shutters its...

Leaving Town: The firm’s head of international sales bails after closure of resales, leasing
04/23/18
...Luciane Serifovic via Facebook) In the wake of Town Residential...
Rachele Lynn Testa
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
...
Alexandra Rhea
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
...
Gabrielle Rae Marcus
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
...
Jacob Nicholas Kolb
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
...
Raymond Walter Keller Iii
Town Residential, Associate Broker
337 West Broadway, New York, NY, (212) 398-9800
...
Aaron Kass Kass
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
...
Linda J. Elmani
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
...
Susan L. Cornicello
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
...
Mark Brandon Blackwell
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
...
Nicole Adamo
Town Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 398-9800
...
Zenon Griffith Avery
Niche Real Estate and Marketing, Real Estate Salesperson
204 Huntington Street, Suite 3K, Brooklyn, NY
...
Ilsa C. Vasquez
Compass, Real Estate Salesperson
90 Fifth Avenue, New York, NY, (917) 328-2338
...
Leanne Stella
Halstead Property, Real Estate Salesperson
2169 Frederick Douglass Boulevard, New York, NY, (212) 381-2577
...
Ionel Marius Stoia
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
...
Janet G. Kain
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
...
Kevin C. Kelly
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
...
James F. Gaffney
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
...
John Fuller
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
...
Yerelyn Cortez
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
...
Shera L. Bucchianeri
Brickwood Realty, Associate Broker
270 Grand Street, Brooklyn, NY, (646) 517-4777
...
David C. Andersen
Town Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 398-9800
...
Anna Zahova
Town Residential, Real Estate Salesperson
110 Fifth Avenue, New York, NY, (212) 398-9800
...
Christopher J. Whelan
Town Residential, Real Estate Salesperson
110 Fifth Avenue, New York, NY, (212) 398-9800
...
Amber Walter
EXR Group, Real Estate Salesperson
160 Havemeyer Street, Brooklyn, NY, (212) 991-8983
...
Francis H. Veilson
Town Residential, Associate Broker
110 Fifth Avenue, New York, NY, (212) 398-9800
...
To see all, go to Advanced Search
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  • 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.
For more info, click here
  • 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.
For more info, click here
  • 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
notes
The synagogue sold for $5.9 million from Christine Svenningsen.
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  • Event Retail Leasing
  • Address 157 Seventh Avenue South
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 600
notes
The company signed a lease for a new sales office.
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  • Event Sales
  • Address 123 Mulberry Street
  • Neighborhood Little Italy
  • Borough Manhattan
  • Square feet 15,100
  • Price $ 12,300,000
  • Price per foot $ 814.57
notes
The two-building package, which includes 186 Hester Street, sold for $12.3 million.
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  • 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
notes
The residential elevator building with seven stories, 41 units, sold for $28 million.
For more info, click here
  • Event Retail Leasing
  • Address 446 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 4,400
notes
The filmmaker and artist signed a lease for his gallery.
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  • Event Retail leasing
  • Address 9 Clinton Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 1,200
For more info, click here
  • Event Retail leasing
  • Address 163 West 10th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 300
  • Price per foot $ 143.00
For more info, click here
  • Event Sales
  • Address 734 Broadway
  • Neighborhood Noho
  • Borough Manhattan
  • Square feet 12,500
  • Price $ 17,000,000
  • Price per foot $ 1,360.00
For more info, click here
  • Event Sales
  • Address 412 Greenwich Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 3,890
  • Price $ 9,400,000
  • Price per foot $ 2,416.45
For more info, click here
  • 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
For more info, click here
  • 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
For more info, click here
  • 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
For more info, click here
  • Event Office Leasing
  • Address 244 East 32nd Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 1,500
notes
The tenant signed a ground floor, five-year lease.
For more info, click here
  • 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.
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  • Event Sales
  • Address 195 Bowery
  • Neighborhood Nolita
  • Borough Manhattan
  • Price $ 4,000,000
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  • Event Office Leasing
  • Address 529 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 12,455
notes
The jewelry manufacturer signed a 15-year lease for the full 15th-floor space.
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  • Event Retail Leasing
  • Address 176 Macdougal Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 625
notes
The event management company leased retail space.
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  • Event Office Leasing
  • Address 120 Wooster Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 5,000
  • Price per foot $ 75.00
notes
The production studio signed a six-month lease.
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  • Event Retail Leasing
  • Address 142 West 23rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,100
notes
The developer signed a lease for showroom space for a new condo building.
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  • Event Retail Leasing
  • Address 163 West 10th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,000
notes
The jazz lounge signed a 10-year lease.
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  • Event Retail Leasing
  • Address 345 East 9th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 510
notes
The real estate company leased retail space for five years.
For more info, click here
  • Event Retail Leasing
  • Address 135 Seventh Avenue South
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,100
notes
The restaurant signed a 10-year lease.
For more info, click here
  • Event Retail Leasing
  • Address 924 Columbus Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 570
notes
The pizza parlor signed a 13-year lease.
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Brokerages see new business tank as condo market struggles
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...

Scorecard: Manhattan single-family home sales mirror softening luxury market
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...

vacancy-feature
Scorecard: A rise in vacancy rates also allows for a “vacancy bonus”
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...

Manhattan’s biggest resi firms: A 5-year overview
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...

Do brokerage alliances matter?
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...

Real estate’s tech arms race
...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...

Manhattan’s rental elite
...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...

Brooklyn’s lease-up game
...been pushing deeper into Brooklyn for years now. Town Residential’s executive vice president of leasing, Itzy Garay, said the competition, which is getting...

Franchise players: How much do firms depend on their top brokers?
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...

Dominating Deal
...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...

Biggest firm ranking
...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...

Done deals don’t lie:
A ranking by closed deals
...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...

25 over $30 (million)
...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...

Flood of new projects shifts fortunes of marketing firms
...Kim of Urban Compass and Shlomi Reuveni of Town Residential The wave of new developments hitting the market is changing more than just the...

Not quite on top of the world
...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...

2014’s residential records — so far
...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...

New condos, new stars
...Leslie J. Garfield & Co., Halstead Property and Town Residential were tied with three agents each. Click to enlarge Longer lag times Trophy listings...

Big firms, big 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...

Who has the tightest grip on NYC?
...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...

Corcoran brokers sold most Manhattan homes of any firm in 2012
...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...

Big firms tackle big obstacles
...the team in February. And just last month, Town Residential’s new development head, Reid Price, decamped for Elliman. Town, which is set to...

The top rental deals of 2012 — and the agents behind them
...of her business. Click to enlarge Ashley Teitel Town Residential After only a year in the business, Town broker Ashley Teitel is making a...

Retail landlords cash in on Canal Street
...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...

Biggest U.S. residential firms
...here — including Rutenberg Realty, Bond New York, NestSeekers, Town Residential, Bellmarc and Stribling & Associates — either declined to participate or told TRD that were...

Manhattan’s top firms
...Town Residential founder Andrew Heiberger (left) and Core founder Shaun Osher (right) Manhattan’s residential brokerage...
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May 2015 Manhattan residential rentals: TOWN Residential
...full report online here. May 2015 Manhattan residential rentals: TOWN Residential...
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