Real Estate

Residential Brokerage Joins Court Street Corridor

March 16, 2012

Residential brokerage is opening a storefront in Cobble Hill, its first outside of its Williamsburg, Brooklyn base. The 2,000-square-foot retailer will launch by the end of June at 236 Court Street, says Crain’s New York Business.’s founder and president David Maundrell says that the new office is part of his plan to double the size of the 45-agent firm, with room in the Cobble Hill location for around 40 agents.

“Court Street is amazing. It is a good central location and is a busy street with a lot of foot traffic,” Maundrell told Crains.

The firm joins a growing crop of brokers along the neighborhood’s Court Street corridor. Last month, Prudential Douglas Elliman announced it would be moving into a bigger storefront on Court Street. Its new 1,500-square-foot space at 327 Court St. will be twice the size of its current location at 189 Court St.

Maundrell says he had been eyeing the street for some time for and “jumped at the opportunity to lease 236 Court St. because of its unobstructed frontage. Because there is a fire hydrant right out in front, no cars can park and block the view from the street.” As well, “The office will be an advertisement for the company in the neighborhood. There’s marketing value in having a lit up storefront.”

In the last five years has sold $260 million worth of real estate, mainly units in new condominium developments in Williamsburg, downtown Brooklyn and Brooklyn Heights. Recently, the decade-old firm has expanded into townhouse sales.

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Source: Cobble Hill Blog

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