Warburg Realty, Manhattan’s leading independent luxury residential real estate company, is making strides as the city recovers. Warburg Realty, known as New York’s blue-chip brokerage since it opened in 1896, recently welcomed Stephen Klym as Senior Vice President, Strategic Initiatives and Tribeca Sales Director.
Klym He brought decades of industry experience to the table when he returned to Warburg Realty, where he began his real estate career as assistant to the executive board of Frederick Warburg Peters, the company’s CEO. From 1999 to 2007, Klym was the company’s Marketing Director and Senior Managing Director.
“I am delighted to welcome Steve Klym back to Warburg as a senior member of our leadership team. With over two decades of experience in the real estate business, Steve brings deep experience in all aspects of our business as well as outstanding interpersonal and intuitive skills. Steve is a family to me , and I couldn’t be more proud to be able to use his findings again in our strategic decisions, “announced Peters.
Klym served as Executive Director of Sales at Halstead Property for approximately the past 14 years and then Executive Vice President and Managing Director of Sales at Brown Harris Stevens. His return strengthens Warburg Realty’s position as a powerful boutique real estate company focused on developing the luxury brokerage space as we know it. “I look forward to working closely with Warburg’s expert and realtor experts and capitalizing on the company’s unmatched human capital,” said Klym, who believes that the time is right to get back to real estate roots when New York breaks down withdraws The pandemic and the luxury housing market continue to gain in importance.
With 150 agents, Klym sees Warburg’s position as the leading boutique brokerage firm in Manhattan stronger than ever. “The strength of being the top boutique broker in today’s environment where many individual companies have either been acquired or merged with others cannot be underestimated.”
In luxury Manhattan real estate, Warburg has long been known for attracting and retaining top agents. Klym explains that agents find the attention they pay to their careers attractive. “Given Warburg’s relatively small size compared to many of its competitors, the company can continue to leverage its talent advantage and attract and train a new generation of top agents, especially those looking to advance their careers in an evolving and increasingly technology-driven industry” , he notices.
In his new role, Klym said, he will focus on “top-level strategic thinking and empowering an established boutique company over monolithic companies offering conveyor belt-like service rather than using their agents’ expertise to better serve their customers to be able to. ” “” Having a list of talents like Warburg’s only helps his mission. “Warburg has always been a strong company, and by putting its agents first and allowing them to do their tough jobs, we can further differentiate the company,” he said.
Manhattan shoppers are back, according to the latest UrbanDigs figures. In the two weeks leading up to May 20, 788 contracts were signed – an increase of 146% over the same period last year. To date, 6,265 contracts have been signed. Klym expects the traditional spring buying season to last well into summer. “I think we’ll see buyers at this rate well into summer and beyond as inventories rise and interest rates stay relatively low.”
As the city emerges from the pandemic and the economy recovers, Klym remains bullish on New York. “Go around that [New York City]and you see everyone smiling and so happy to eat outside and meet friends they have not seen in a long time. There is excitement in the air. There’s no place like New York and the shoppers out there believe it, “he notes.
Markets languishing from the pandemic, including Tribeca and downtown due to all the new luxury housing developments, are starting to see increased sales activity. “These developments were in the market because they were too expensive. Now these prices are reduced and attractive to buyers who want to be in these vibrant areas,” said Klym.
The current buyer profile Klym is referring to are New Yorkers. Some have returned to New York City while others consider this a one-off buying opportunity. “There are no international buyers here yet, so there is less competition for luxury properties. We believe they will return because New York is New York, ”he adds.
That’s good news for local shoppers who are always calling home in New York, New York while appreciating the 917 area code on their cell phone.
Warburg real estate is an exclusive member of Global Forbes Properties, a hypermarket and membership network of elite brokers selling the world’s most luxurious homes.