In what became a year full of uncertainty for Manhattan real estate, some things didn't change in 2018 -- and that includes the industry's top sellers.
The Real Deal released the city's top real estate brokerages by sales volume earlier this month, and Leslie Garfield has again earned a spot in the Top 10, outselling numerous global brokerages to rank no. 8.
We again accomplished this feat with a team of just 15 agents, the fewest of any brokerage on the list. By comparison, the two leading firms have a combined 3,300 New York agents. Notably, these rankings do not include commercial deals, which contributed some of our biggest transactions of the year.
In a challenging year for high-dollar listings that relied heavily on price drops, Leslie Garfield also ranked no. 1 of all firms in Manhattan in perhaps the toughest category of 2018 -- average price per closed transaction. At $6.9 million per deal, we achieved this ranking with a commitment to the service-oriented approach that has guided the firm since 1972. We also ranked no. 1 by total listings per agent and total closed deals per agent.
Recognizing Our Agents
Three of our teams ranked in the Top 30 of all Manhattan agents by listing volume this year, including Rick Pretsfelder ($161.6M), Matthew Pravda & Christopher L. Riccio ($158.4M) and the Lesser Kantha Team of Matt Lesser and Ravi Kantha ($148.3M), all of whom ended the year with neighborhood-leading sales.
Adding to high-dollar closed sales was Tom Wexler with the sale of 46 East 65th Street, listed at $14 million; Caylyn Sullivan, who contributed to the $22.9 million commercial sale of 124 E 55th Street in Midtown East; and our president, Jed Garfield, who led the $10.9 million sale of the New York Road Runners headquarters at 11 East 89th Street. Stan Montfort added deals in Harlem, while growing listings in the emerging neighborhood (read his 10-year outlook here), and Lydia Rosengarten added deals in Yorkville and Carnegie Hill.
We are proud of every agent who contributed to these results, and the work ethic that goes into consistently ranking among the top firms in the industry. Our other agents, including Filomena Hamaric, Gian Mitchell, Kristina McNerny, Punit Sabharwal, Sophie Smadbeck and Elana Zinoman, were essential to the year's success.
Highlights of 2018
Leading commercial and residential closed sales included multiple deals above $10 million:
Nolita: 38 Prince Street - $23.5 million
Midtown East: 124 E 55th Street - $22.9 million
Upper West Side: 29 W 75th Street - $15.75 million
Upper East Side: 46 East 65th Street - $14 million
See our 2018 Townhouse End-of-Year Review for a snapshot of industry sales.