Conquering the market in Queens
A mix of major Manhattan firms, long-time local companies and newer, boutique players dominate borough’s residential firm ranking
From the July issue: Real estate news about trophy penthouse sales in Manhattan and new high-end condo projects in Brooklyn has become virtually inescapable. And in many cases, the agents who broker those deals are industry mini-celebrities.
But this month, The Real Deal looked at the brokerage landscape in the city’s two more emerging boroughs — Queens and the Bronx — to see which firms are closing the most residential deals and what kind of dollar volume they’re pulling in.
The rankings in both boroughs were largely dominated by a mix of old-time local firms and franchises of major national companies. But major Manhattan firms and boutique shops are also snagging a large piece of the pie and are poised to push deeper into both areas as the markets continue expanding. Read on for a closer look at which firms are on top and which neighborhoods brokerages are chasing to lock in residential deals.