Real Estate News

Compass Acquires Montauk’s Keeshan Real Estate

Compass has acquired Keeshan Real Estate, the oldest boutique real estate firm in Montauk.

The Keeshan office at 37 Carl Fisher Plaza will become Compass’s fifth office on the South Fork. Father-daughter team John and Nancy Keeshan will stay on as Compass’s founding Montauk agents, bringing the number of Compass agents on the East End up to 44.

Compass has established offices in Southampton, Bridgehampton and East Hampton, and its Sag Harbor office is under construction after being decimated by the devastating December 16 fire that affected several businesses on Main Street in Sag Harbor Village.

Keeshan Real Estate was founded in 1977 and since then has fielded several offers to purchase the business.

“Over the years, we’ve been approached by many firms but the timing was not right,” Mr. Keeshan said. “The market in Montauk today is such that buyers are very computer savvy and look to real estate companies that can offer them information about the real estate market in a new way. Compass is able to offer world-class support right from a marketing, operational and technology perspective.”

Compass launched in 2013 as a luxury real estate brokerage emphasizing technology and now has 26 offices across nine regions in the United States.

“We’re excited to offer a combination of the foremost boutique brokerage in Montauk with the innovative approach that Compass brings to home buyers and sellers in this growing market,” said John Gicking, the senior managing director for Compass in the Hamptons.

“Compass is a company that is also very focused on the community, which is why this is such a perfect fit for us,” Mr. Keeshan said. “The Montauk market is thriving and as a result is ever changing. We feel that Compass will provide us with the tools we need to meet this fast paced, changing real estate market and teaming up with them will allow us to have access to a great network of professionals.”

He added that nearly all of the Keeshan Real Estate staff will stay on, in some capacity.

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