The Agency is launching an outpost in Brooklyn.
The Los Angeles-born brokerage opened an office in Park Slope on Wednesday, marking its second shop in New York City, according to a press release. The move comes roughly two years after the company acquired Triplemint and made its debut in the Big Apple with headquarters in Union Square.
The brokerage’s latest addition at 443 4th Street will house seven agents, including a team formerly known as New Millenium Real Estate Corp. with agents Donald Minerva, Chad Kessler and Emilia Kovacs. The team heads rentals at buildings in neighborhoods such as Prospect Heights, Park Slope and Cobble Hill. Later this week, the cohort expects to list an apartment rental at 215 Court Street with an asking price between $6,500 and $7,000.
The firm’s expansion follows “record demand” for properties in Brooklyn, according to Donald Mastroianni, who serves as the office’s managing partner alongside Michael Smith.
In the second quarter, the borough hit an all-time high median sale price, just below $1 million, which some brokers attributed to an uptick in demand from first-time homebuyers, particularly in North Brooklyn.
With the Park Slope office, the brokerage’s total outpost count in the state is now at seven, including a Fire Island location also led by Smith and Mastroianni, which opened earlier this summer.
Last year, The Agency rolled out its first Hamptons office with a splashy debut at the Hampton Classic Horse Show Labor Day weekend. The shop, now with boots on the ground in Bridgehampton and East Hampton, is run by Million Dollar Listing star Tyler Whitman and longtime Sotheby’s International broker Dana Trotter.
“Our continued New York expansion marks a significant milestone in The Agency’s strategic growth in the region,” CEO and founder Mauricio Umansky said in a statement.
Umansky and Compass agent Jason Haber launched a new trade group earlier this year designed to provide agents with an alternative to the industry’s leading organization, the National Association of Realtors, as NAR battles antitrust litigation and accusations of sexual harassment among its leaders. The rival organization, called the American Real Estate Association, began offering memberships last month, with prices ranging from $20 to $1,500.
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