The Espinal Adler Team, a veteran Douglas Elliman group, have left the brokerage for rival Corcoran.
The team last year ranked eighth in New York City in the large team category, according to RealTrends, with nearly $140 million in volume. Leaders Marie Espinal and Jeff Adler, who spent 15 years with Elliman, are bringing nine of their 10 team members with them. The only member staying behind is Shaun Anders, who joined Noble Black’s team.
“We didn’t leave Elliman, we joined Corcoran,” said Adler. “What I mean by that is they came to us in their recruitment and did a 360 of our business and marketing and proactively told us how they could help us. ”
The Espinal Adler Team does business in New York City, Westchester and Miami, as well as resale and new development. Adler said the team isn’t bringing over any new development projects, but took “a few” listings to Corcoran.
A company representative said in a statement that “Douglas Elliman wishes Jeff and Marie the very best in their new endeavor.”
The move bolsters Corcoran’s agent roster a little over two months after it lost eight agents, including Peter Zaitzeff, to Serhant.
Corcoran finished first in The Real Deal’s ranking of Manhattan’s top residential brokerages by closed sales in 2022 with nearly $6.7 billion in sales, up from $6.5 billion in 2021.
While sales were slower last year, Espinal said she’s optimistic about this year’s market, and expects an uptick until shortly before the presidential election in November.
“The fundamentals are super strong,” she said. “The last 18 months have been driven by uncertainty.”
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