Mercedes/Berk has again been ranked amongst the best boutique firms in Manhattan via The Real Deal annual rankings.
[TRD]The boutique ranking — which this year captured firms with between 2 and 50 agents — is, not surprisingly, the most volatile of TRD’s three annual Manhattan residential brokerage rankings because just one or two big listings can make a huge difference to a firm’s bottom line.
“We don’t feel as though we’re competing with the large firms,” said Noel Berk, founder of boutique brokerage Mercedes/Berk, which ranked No. 8 this year with roughly $39 million worth of listings. “When you’re a small firm and you’re working only on luxury, you don’t have to have a lot of listings. You can get a phone call from someone out of the blue, and all of a sudden you have a $15 million listing that two days before you had no idea you would have. It can change overnight.”
SOURCE (The Real Deal)