“Meanwhile, the 13-agent firm Mercedes/Berk jumped to No. 5 in the rankings this year, up from No. 10 last year, with its listing volume increasing to $38.2 million year-over-year from $17.7 million, TRD’s data shows.
While the firm keeps a relatively low profile, it’s known for its high-end listings in buildings such as 15 Central Park West. Firm principal Noel Berk attributed the company’s success this year in part to its strong ties to international buyers.
“We have remained small in size, but the total volume of our deals is increasing tremendously because of the fact that we have a huge global reach of clients,” Berk explained.
She added that the firm has worked as the buyer’s broker in sought-after developments, such as 432 Park Avenue.
“It’s been a good year [for] selling new [construction] product,” Berk said. “We find our clients are seeking new apartments that will become available in two or three years. By the time these apartments [are ready], the return on their deposit is going to be very significant.”
Berk said she only anticipates the market getting busier as more international clients seek out high-end real estate in Manhattan. Of course, that depends on whether the supply of Manhattan residential properties gets boosted.”
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