From the November issue: While many of New York’s priciest markets are seeing a slew of firms going head-to-head, there are a few neighborhoods where one brokerage has managed to grab the lion’s share of the listings.
Not long ago, brownstone Brooklyn was largely the domain of mom-and-pop brokerages. But over the last decade, major Manhattan firms have muscled their way in, either by buying up smaller companies or by pouring in money to chip away at their rivals’ market share.
This is an excerpt from “Who has the tightest grip on NYC?” — which appears in the November issue of The Real Deal.