Sell, sell, sell: Lack of listings dampens Elliman earnings – Robert Khodadadian

Despite having very few homes to sell, Douglas Elliman agents were able to scrounge up enough sales to produce a modest profit for the brokerage in the second quarter. The company, which spun off from parent Vector Group last year, reported revenues of $364.4 million for the quarter, a 7 percent decline from the same period last year, when the housing market was at dizzying heights. Still, its revenues outpaced its expenses, with Elliman reporting

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, Douglas Elliman The Real Deal New York Read More