Engel & Völkers is breaking into Brooklyn
Brokerage opens locations in Dumbo, Prospect Heights and Cobble Hill
Engel & Völkers will be the newest entrant into Brooklyn’s residential market.
The firm announced on Thursday that it has opened three new locations in the borough in Dumbo, Prospect Heights and Cobble Hill led by broker Donald Brennan. Brennan’s eponymous brokerage, Brennan Real Estate, will now do business as Engel & Völkers Brownstone Brooklyn.
The Brooklyn team will work with both buyers and sellers in the borough.
“Now more than ever in this shifting market, it is vital that our sellers are able to expose their assets to the largest possible pool of potential buyers,” Brennan said in a statement, explaining his decision to franchise with Engel & Völkers.
Engel & Völkers, a Germany-based firm run by president and CEO Anthony Hitt, has continued to open new offices even as many other residential brokerages close their storefronts. It inked a lease in October for 1,300 square feet at 430 Park Avenue in Midtown for a “shop and lounge” space that will incorporate its yacht and aircraft leasing operation with its real estate sales operation.
The firm employs more than 11,000 real estate advisors across more than 30 countries overall.