Compass, Corcoran sold the most in East Village and LES

Together they booked nearly 55% of sales volume last year

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Two firms rule over the East Village and Lower East Side.

Compass and The Corcoran Group together sold nearly 55 percent of total volume in those neighborhoods in 2022.

Compass took the top spot with $284 million in sales across 215 deals, followed closely by Corcoran, which racked up $210 million in volume in 112 transactions.

Their nearest rival, Douglas Elliman, trailed far behind with just over $81 million across 65 deals, representing only 9 percent of total volume for the area.

Brown Harris Stevens, which sold over $64 million, and Sotheby’s International Realty, which sold about $26 million, rounded out the top five.

To measure brokerages’ success in selling homes in the East Village and Lower East Side, The Real Deal tapped into the dataset of 58,000 deals from 2022 in our citywide brokerage ranking, looking specifically at sales in those neighborhoods.

Home sales were evenly split between the neighborhoods bordering Alphabet City last year, with the East Village seeing $458 million in volume compared to Lower East Side’s $448 million.

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More than 65 percent of deals were resales rather than sponsor units. That appears to be key in Compass beating out Corcoran, which has a particularly robust new development operation in Corcoran Sunshine. Corcoran closed 24 percent more in sponsor sales than Compass in the area, but Compass booked more than double Corcoran’s volume in resales.

That said, the highest-price resale in the area — a nearly $9 million co-op at 235 East 11th Street — was sold by Corcoran.

The majority of homes sold in the two neighborhoods were co-ops — nearly 57 percent — but as one might expect, the condo contingent accounted for the largest share of sales volume, at just under 61 percent.

Though only reaching No. 9 in the ranking, Azoulay Group deserves a shout out because its two pricey sponsor sales at 175 Chrystie Street achieved the highest average price of any firm in the top 10: nearly $4.2 million, versus the area average of $1.3 million.

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This is one of the hundreds of data sets available on TRD Pro — the one-stop real estate terminal for all the data and market information you need.