- New Developments
Date: Jul 28, 2016
New York City, NY -- Douglas Elliman has announced the acquisition of Sagaponack-based real estate company McCoy & McCoy. Led by William McCoy, the 46-year-old brokerage will be absorbed into the daily operations of Douglas Elliman’s East End business.
As part of a continuing growth strategy aimed at representing and serving the needs of clients in luxury communities, the acquisition will add the only real estate office in Sagaponack, named “America’s Most Expensive ZIP Code,” to Douglas Elliman’s national network of more than 6,000 professionals across more than 81 offices.
"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.”
“This acquisition is a strategic win,” added Paul Brennan, DE's Executive Manager of Sales for the Hamptons. The lifelong East End resident says that he jumped at the chance when McCoy presented him with the offer of absorbing his practice.
"It's a smart move and one that was too good to pass up," continued Brennan. "Especially given the office's location in Sagaponack and Mr. McCoy's solid reputation."
McCoy, a native of Sagaponack, says that joining forces with Douglas Elliman is advantageous to the firm, its employees and clients.
“We’re excited to make a go of it,” he said. “We have the same values—live a good life, help people along the way and get the best returns.”
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