Compass Acquires Montauk's Keeshan Real Estate - 27 East

Real Estate News

Real Estate News / 1403701

Compass Acquires Montauk’s Keeshan Real Estate

author on Apr 4, 2017

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.

You May Also Like:

AI Offers Up-To-The-Second Home Valuation

What if you could know your home’s precise fair market value on any given day ... 7 Dec 2023 by Brendan J. O’Reilly

Southampton Village Estate Section Modern Sells for $9.5 Million

A modern residence in Southampton Village’s estate section recently sold for $9.5 million after seeking ... by Staff Writer

Waterfront North Haven Cape Sells for $14 Million

A waterfront North Haven home fronting Sag Harbor Bay and facing Mashomack Point and the ... 5 Dec 2023 by Staff Writer

Paul Wexler Expands Health Care and Commercial Real Estate Business to the East End

Paul Wexler, the founder of Wexler Healthcare & Commercial Properties, is expanding his business from ... by Staff Writer

West Neck Residence Sells for $6.3 Million

A bayfront residence in North Sea on West Neck by Bridgehampton architect Kitty McCoy recently ... by Staff Writer

Reimagined Property in Bridgehampton Horse Country Sells for $6 Million

A reimagined Bridgehampton property recently sold for $6 million, fetching its full asking price. Set ... by Staff Writer

Source-of-Income Discrimination Comes to Forefront

While housing discrimination is not new, a variety that has relatively recently come into prominence is source-of-income discrimination. Source of income discrimination typically is when landlords or real estate agents attempt to discourage or deny someone housing because they are a voucher recipient such as Section 8, the federal government’s major program to help very low-income families, the elderly and the disabled to afford reasonable housing. Fair Housing complaints in New York State “are definitely on the rise,” said Neil B. Garfinkel, Esq., a co-founder of the Real Estate Center for Success and the managing partner of Abrams Garfinkel Margolis ... 28 Nov 2023 by Joseph Finora

State Supreme Court Upholds Planning Board’s Denial of Hill Street Subdivision

A State Supreme Court justice has upheld the Southampton Village Planning Board’s denial of a proposed Hill Street subdivision, finding that the Planning Board acted in accordance with the village’s comprehensive plan. The Planning Board voted, 3-1, on June 5 to deny the application of James Zuhusky, a former member of the village’s Zoning Board of Appeals, to subdivide contiguous properties at 550 and 554 Hill Street into three residential lots, one of which would be accessed via Captains Neck Lane and an easement over another property Zuhusky owns. The plan had previously attained ZBA approval, and that approval held ... by Brendan J. O’Reilly

Formerly a Foreclosure, A Sagaponack Estate Sells for $24.5 Million

A 3-acre Sagaponack estate updated by Kristen Farrell & Co. sold this fall for $24.5 ... 21 Nov 2023 by Staff Writer

Brick Kiln Road Residence Sells for $7.48 Million

A 8,700-square-foot shingled residence on nearly one and half gated acres in Bridgehampton has sold ... by Staff Writer