TOWN Residential Announces Expansion Into the Prime Neighborhoods of Brooklyn Heights and Williamsburg

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Each new location will initially accommodate a dedicated sales and leasing manager and up to twenty hyper-focused local experts handpicked from both within the firm and the industry.

“These two new locations fit perfectly within TOWN’s footprint and long-term business strategy. The spaces that we have thoughtfully selected are innovative, collaborative and representative of the ethos of our firm.

TOWN Residential announces the expansion of the firm into the prime neighborhoods of Brooklyn Heights and Williamsburg. Each new location will initially accommodate a dedicated sales and leasing manager and up to twenty hyper-focused local experts handpicked from both within the firm and the industry.

“These two new locations fit perfectly within TOWN’s footprint and long-term business strategy,” shared Andrew Heiberger, founder and CEO of TOWN Residential. “The spaces that we have thoughtfully selected are innovative, collaborative and representative of the ethos of our firm.”

TOWN Residential has had a strong Brooklyn presence as exemplified by more than 700 sales transactions valued in excess of $930,000,000 and 1,245 leasing transactions. Among the sales transactions are more than 75 prime townhouses including 305 Degraw Street, 223 Warren Street, 359 Henry Street; and twenty properties priced over $5,000,000.

TOWN New Development, led by real estate veteran Shlomi Reuveni, is expertly leading the sales and marketing efforts for the newly launched 159 Thompkins and recently completed the successful sell-out 280 Saint Marks Avenue, a 32-unit, locally-inspired condominium building located between Vanderbilt and Underhill Avenues at the epicenter of Brooklyn’s thriving Prospect Heights neighborhood. Among others, the team’s upcoming projects will include a large prewar conversion project in a most coveted location in Brooklyn.

With matched success, Town Marketing & Leasing achieved a complete lease-up of 172 Montague, the first ground-up new development rental high rise to come to market in Brooklyn Heights since 1999. Leasing began on August 1, 2016, and the remarkable 100% milestone has been achieved in just 90 days. TOWN Commercial has been active in the borough as well with three significant transactions, each in excess of $15,000,000, among their credits.

“This expansion further fortifies our commitment to being NEW YORK CITY’s leading full service luxury brokerage firm,” added Heiberger.

Through the end of the third quarter, the firm successfully transacted more than $1.69 billion in total sales and leasing volume. This total is comprised of 820 sales transaction sides and 2,639 leasing transaction sides, representing a 4.8% increase in the total number of closed transactions over the same period last year.

Slated for a January opening, the Brooklyn locations will complement the firm’s seven strategically located Manhattan neighborhood offices: TOWN Flatiron, located at 110 Fifth Avenue and 16th Street; TOWN SoHo, an 1886 landmarked corner storefront at 337 West Broadway; TOWN 79th Street, a corner storefront at 239 East 79th Street on the Upper East Side; TOWN Astor Place, a block-storefront space overlooking historic Astor Place in the Gwathmey Siegel-designed Sculpture for Living at 26 Astor Place; TOWN Fifth Avenue, located in the prestigious Crown Building at 730 Fifth Avenue at 57th Street; TOWN Greenwich Street, nestled in the heart of the Financial District at 88 Greenwich Street; and TOWN Gramercy Park at historic 33 Irving Place.

About TOWN Residential, http://www.townresidential.com
Founded in 2010, TOWN Residential has cemented its position as New York’s foremost luxury real estate services firm with an exhilarating foundation and seamless execution of best-in-class customer service by an unparalleled team of more than 500 Representatives and professionals strategically located in seven prime Manhattan offices and two Brooklyn locations slated for a January 2017 opening. TOWN Residential specializes in luxury residential sales; leasing; the marketing, sales and leasing of property developments; commercial and retail.

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Lori Levin
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