Douglas Elliman
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| Industry | real estate |
|---|---|
| Founded | 1911 |
| Parent | Montauk Battery Realty |
| Website | www |
Douglas Elliman Real Estate is the largest brokerage in the New York Metropolitan area and the fourth largest residential real estate company nationwide. With more than 6,000 agents, the company operates 85 offices in New York City, Long Island, the Hamptons, the North Fork, Westchester/Putnam, Greenwich, South Florida, Aspen and Beverly Hills. Moreover, Douglas Elliman has a strategic global alliance with London-based Knight Frank Residential for business in the worldwide luxury markets spanning 58 countries and six continents. The company also controls a portfolio of real estate services including Douglas Elliman Development Marketing, Manhattan’s largest residential property manager, Douglas Elliman Property Management, DE Commercial and DE Title.
Douglas Elliman was founded in 1911 as a basement store at 421 Madison Avenue in Manhattan. The company was sold to the Milstein family (Seymour Milstein and Paul Milstein) in 1989 and then again to Insignia Financial Group (now CB Richard Ellis). In 2003 Insignia sold Douglas Elliman to Montauk Battery Realty, an affiliate of Vector Group's New Valley LLC subsidiary.
In 2012, the company dropped “Prudential” from its name, returning to its original 1911 name. It is strategic partners with London-based Knight Frank LLP for residential business. Douglas Elliman affiliates include DE Property Management, DE Title and DE Capital Mortgage.
Douglas Elliman operates in the New York Metropolitan area, with 22 offices in New York City, 26 offices in Long Island, ten offices in the Hamptons, and six offices in Westchester and Connecticut. The company releases quarterly market reports and guides by borough within New York City as well as for its other metropolitan location that are often used to measure real estate activity by entities such as The New York Times and Crain’s New York Business.
It is a member of REBNY.
Douglas Elliman operates throughout South Florida, formerly under the name Douglas Elliman Florida, but now as Douglas Elliman like its New York counterpart. The company's Miami flagship office at 1111 Lincoln Road in South Beach, is one of five South Beach offices, with 14 additional offices in Boca Raton, Fort Lauderdale, Miami, Palm Beach, Wellington, Jupiter, Delray Beach and Aventura.
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Wikipedia