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Douglas Elliman Acquires Sagaponack-Based Real Estate Company

Sydney A. Braat

Bill McCoy and Paul Brennan. (Photo: Dawn Watson)

Douglas Elliman recently announced their acquisition of McCoy & McCoy, a Sagaponack-based real estate company. William McCoy's 46-year-old brokerage will be absorbed into the Douglas Elliman's East End business.

"As a leader in East End real estate for the past 20 years, we are absolutely thrilled to further expand our reach and commitment to the Hamptons by opening a new office in Sagaponack," said Dottie Herman, President and CEO of Douglas Elliman. "It is a terrific opportunity because Douglas Elliman will be the only brokerage in this very special and coveted locale."

Douglas Elliman strives to represent and serve the needs of clients in luxury communities. This acquisition will add the only real estate office in Sagaponack, "America's Most Expensive ZIP Code," to Douglas Elliman's national network of more than 6,000 professionals across more than 81 offices.

"This acquisition is a strategic win," added Paul Brennan, Douglas Elliman's Executive Manager of Sales for the Hamptons. "It's a smart move and one that was too good to pass up, especially given the office's location in Sagaponack and Mr. McCoy's solid reputation."

McCoy is a native of Sagaponack and believes this joint venture will be advantageous to the firm, its employees, and clients. "We're excited to make a go of it. We have the same valuesólive a good life, help people along the way, and get the best returns," remarked McCoy.

Douglas Elliman was established in 1911 and now serves as the largest brokerage in the New York Metropolitan area as well as the fourth largest residential real estate company nationwide. Douglas Elliman consists of more than 6,000 agents that are based at 81 offices in Manhattan, Brooklyn, Queens, New Jersey, Long Island, the Hamptons & North Fork, Westchester, Greenwich, South Florida, Colorado, and Beverly Hills.

The Sagaponack Douglas Elliman office is located at 2987 Montauk Highway in Sagaponack. For more information, call 631-537-0600 or visit www.elliman.com.





Added: August 2, 2016, 12:56 pm
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Appeared In: real estate >> real estate news