Douglas Elliman Rapidly Expands Brooklyn Presence Via Acquisition, Leases and Recruitment

New York's Largest Residential Brokerage Continues its Expansion with Acquisition of Brooklyn Hearth Realty; Two New Office Locations in Williamsburg and Bedford-Stuyvesant and More than 50 New Agents

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Douglas Elliman

Jun 23, 2017, 10:00 ET

NEW YORK, June 23, 2017 /PRNewswire/ -- Douglas Elliman expands company's presence in Brooklyn with the acquisition of Brooklyn Hearth Realty, a highly respected firm founded in 2004 with offices in North Slope and Ditmas Park, and the addition of new offices in Williamsburg and Bedford-Stuyvesant later this year. With this expansion, Douglas Elliman brings its office count to 90 nationally, adding approximately 20 percent more agents to the firm for a total of more than 300 agents in Brooklyn.

"Brooklyn Hearth boasts the skillset, proven track record and marketing creativity that mirrors the work of Douglas Elliman, and we are delighted to officially welcome them to our firm," said Howard M. Lorber, Chairman of Douglas Elliman Realty, LLC. "This acquisition, along with our new offices in Bedford-Stuyvesant and Williamsburg, significantly expand the reach we have in an ever-growing Brooklyn market."

Brooklyn Hearth Realty was instrumental in the growing popularity amongst home buyers, sellers and investors in Ditmas Park, Windsor Terrace and sections of Park Slope over the past decade. All eight employees, including its three founding partners, Rebekah Carver, Jan Rosenberg and DeAnna Lenhart, will join Douglas Elliman and will continue to work from their locations at 207 Cortelyou Road in Ditmas Park and 43 Fifth Avenue in Park Slope, which will now be branded as Douglas Elliman locations.

"We are excited to be joining forces with the dedicated agents and founders of Brooklyn Hearth," said Max Dobens, Senior Regional Executive Manager of Sales in Brooklyn for Douglas Elliman. "Their company values and philosophy align with ours: they really care about their clients and the neighborhoods in which they both live and work."

Douglas Elliman's other new Brooklyn offices will open in Bedford-Stuyvesant at 308 Malcolm X Boulevard in August, and in Williamsburg at 280 Metropolitan Avenue in November.

As part of a continuing growth strategy aimed at representing and serving the needs of clients, the acquisition and expansion will add dynamic new communities to Douglas Elliman's national network of more than 6,500 professionals across 90 offices nationwide.

Beginning in 2004, Brooklyn Hearth helped ignite the once dormant co-op market in Ditmas Park and attracted new inhabitants by putting urban research about local Brooklyn neighborhoods into action. Rosenberg, a sociologist and former professor at Long Island University in Brooklyn, started the firm after she, along with others in the community, realized the neighborhood needed more vitality and new residents. She began a new career as a broker by starting Brooklyn Hearth and soon afterwards, Lenhart and Carver became involved with the business and became her partners in 2007. "After over a decade of rolling up our sleeves and growing the real estate transactions — both residential and commercial in Ditmas Park and Kensington — we're ready for a larger platform and support in which to do the work we love," said Rosenberg, along with, Carver and Lenhart. All three reside in Ditmas Park.

About Douglas Elliman Real Estate

Established in 1911, 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 6,500 agents, the company operates approximately 90 offices in Manhattan, Brooklyn, Queens, New Jersey, Long Island, the Hamptons & North Fork, Westchester, Greenwich, South Florida, Colorado 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 59 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 with over 250 buildings; and DE Commercial. For more information on Douglas Elliman as well as expert commentary on emerging trends in the real estate industry, please visit www.elliman.com.