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ELLIMAN HERITAGE
from Robert Olita, Licensed Associate Real Estate Broker at Douglas Elliman Real Estate
by Robert Olita | Lic. Assoc. R. E. Broker | Douglas Elliman Real Estate
1911
In 1911, Douglas L. Elliman and his brother, Roland, opened the Douglas L. Elliman & Company at 421 Madison Avenue in New York City. The company was founded on Elliman’s vision that New Yorkers would shift their preference from traditional homes to luxury apartments that were both sold and managed by a comprehensive real estate company.
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1912
Elliman pioneered the residential preference of affluent Manhattanites – from their private town homes to luxury apartments – with his 1912 rental to celebrity senator Elihu Root. By placing a high-profile individual at 998 Fifth Avenue, one of New York City’s first luxury apartment buildings, he paved the way for other wealthy New Yorkers, who quickly followed suit.
1914
Notable Transaction:
Lease of the F.W. Vanderbilt House at 40th Street and Fifth Avenue.
1922
Notable Transaction:
Lease of the Hotel Roosevelt, a New York City landmark.
2003
Under its new leadership, the firm has not only maintained but built upon the powerful Elliman legacy and expanded immensely, catering to Manhattan, Brooklyn, Queens, Long Island (including the Hamptons and North Fork), Westchester, and Putnam Counties, South Florida, and abroad. In addition, Douglas Elliman now offers a comprehensive suite of services to meet their customer’s every need.
2021
Listed under the ticker symbol “DOUG,” Douglas Elliman Inc. officially began trading as a public company on the New York Stock Exchange. With the company’s spin-off from former parent company Vector Group Ltd. now complete, Douglas Elliman Realty, LLC emerges as one of the largest residential brokerage companies in the New York metropolitan area and the sixth largest in the U.S.
TODAY
Douglas Elliman continues to carry Douglas L. Elliman & Company’s pioneering, progressive spirit into the 21st century as an industry leader.