Neil Binder | TRD Research
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Neil Binder

Co-Founder
Bellmarc Realty
1178 Lexington Avenue
New York, NY 10028
(212) 517-9100
Website

Neil Binder is a residential broker in New York City and the co-founder, with Marc Broxmeyer, of Bellmarc Realty, a Manhattan-focused residential brokerage. The partners founded the firm in 1979. Broxmeyer retired in 2010, and Binder, finding he did not enjoy running Bellmarc alone, acquired a brokerage in 2012 that specialized in rentals, AC Lawrence Real Estate. A year later, he made Bellmarc a franchise of Coldwell Banker.

The merger and the infusion of Coldwell Banker money fueled Bellmarc's growth to 550 agents. However, Bellmarc's Coldwell Banker and AC Lawrence relationships soured and devolved into courtroom drama. Binder initially ceded day-to-day management over to AC Lawrence co-founders Anthony DeGrotta and Larry Friedman, his new partners, as he planned to write books and blog. In August 2014, as the partners' relationship deteriorated, DeGrotta and Friedman sued Binder for allegedly embezzling money from the firm. The suit was eventually settled. Still, the instability, including a freeze on Bellmarc's bank accounts, prompted hundreds of Bellmarc's sales agents to jump ship, while the brokerage closed several New York City offices. Binder is the author of "The Ultimate Guide to Buying and Selling Co-ops and Condos in New York City."

Bellmarc Realty, Associate Broker
2697 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Associate Broker
2697 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
2697 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
2697 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
2697 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
1178 Lexington Avenue, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Associate Broker
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Associate Broker
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
2697 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Associate Broker
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
1178 Lexington Avenue, New York, NY, (212) 989-0880
...
Bellmarc Realty, Real Estate Salesperson
936 Broadway, New York, NY, (212) 989-0880
...
Bellmarc Realty, Associate Broker
1178 Lexington Avenue, New York, NY, (212) 989-0880
...
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03/01/2017
Meanwhile, Mdrn., a residential firm started in 2013, swooped in and made three key hires â€' Meza Eythel, Dan Berman and Olinda Turturro â€' after longtime firm Bellmarc Realty shuttered its last office in 2016 amid founder Neil Binder’s financial woes...

05/01/2016
Bellmarc â€' which fell off this year’s ranking of the biggest 12 firms â€' has been plagued by financial woes. The firm lost nearly 120 agents, shrinking its headcount to 178. In January, meanwhile, it shuttered four offices, consolidating its footprint into a single office in the Flatiron District. At that time, founder Neil Binder told TRD that he had created a patented real estate search engine called Homepik.com, which would be used to generate business...

05/01/2015
While many other firms are basking in stronger showings, one firm that is badly struggling is the Bellmarc Group. The firm’s headcount dwindled to 295 agents, a 43 percent drop. That drop, which knocked the firm off of the top five by size, coincided with the company’s split from franchiser Coldwell Banker. It also came amid infighting between company founder Neil Binder and his partners...

05/01/2013
Co-founded in 1979 by Neil Binder, Bellmarc was Manhattan’s 10th-largest firm before absorbing AC Lawrence...

06/01/2012
While the firm is known for its rental business, Citi Habitats president Gary Malin said he’s just as focused as ever on sales. The plunge in listings, he said, was influenced by the timing of TRD’s data collection, since the firm’s properties are moving quickly. Bellmarc Realty also dropped one spot to No. 8, which firm cofounder Neil Binder attributed to “an unusual, high flurry of product” that sold in the last few months...

05/01/2010
"If I feel that the market is a little daunting, I'm going to try to keep the numbers down," said Neil Binder, the cofounder of Bellmarc Realty, which lost 3 percent of its agents between 2008 and 2009, then gained roughly the same percentage this year...

07/01/2007
"The market is stronger in the high and low end than the middle," said Neil Binder, principal of Bellmarc Realty...