It might be easy to get into the real estate business. But it’s hard to be successful, especially in a field with so much competition. In 2019, the median gross income of realtors in the National Association of Realtors was about $49,700. This is a small increase from 2018 when the median gross income was $41,800.
As a millionaire real estate agent, the take-home pay is a lot less than what you might hope to make. You could work longer than 20 years to make a million dollars, but only if you didn’t have any bills to pay.
Are you interested in the highest-paid real estate agents in New York? Do you want to know how much they earn and how they got there? This article is for you. We also have the average amount of money a real estate agent in New York makes. This way, you can see the difference and appreciate our highest-paid real estate agents in New York.
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How Much Does A New York Real Estate Agent Make?
As of August 1, 2022, a Real Estate Agent in New York makes an average of $97,507 a year. If you need a simple way to figure out how much that is, it comes out to about $46.88 an hour. This equals $1,875 per week or $8,126 per month.
ZipRecruiter has seen salaries as high as $218,595 and as low as $20,220. However, most Real Estate agent’s salaries are between $65,578 (25th percentile) and $109,297 (75th percentile). The highest earners in New York make $158,481 per year (90th percentile).
The average range of pay for a Real Estate Agent is very wide (up to $43,719). This suggests they can make more money based on skill level, location, and several years of experience. When it comes to Real Estate Agent salaries, New York is number 4 out of the 50 states.
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What Are The Top Cities In New York Where Real Estate Jobs Pay The Most?
The top cities to work as a real estate agent in New York are-
- Bronx- $97,969 $47.10
- Syracuse – $96,565
- Manhattan- $94,414
- Yonkers- $93,556
- New York City- $92,873
- Staten Island -$92,465
- Old Westbury – $89,438.43.
- Poughkeepsie- $89,048
- Binghamton- $88,850
- New Rochelle- $88,376
15 Highest-Paid Real Estate Agents in New York
#1. Alexander Oren And Tal
When hotelier André Balazs wanted to sell his $10.3 million SoHo apartment, he went to Oren and Tal Alexander of Douglas Elliman’s The Alexander Team. They are popular for breaking multiple SoHo price records. The duo has listings in trophy buildings from 432 Park Ave. to 111 West 57th.
St. Tal says that New York City’s market in 2021 has been “wild,” and he doesn’t think it will slow down any time soon. They are also licensed in Florida. There, they helped Tommy Hilfiger and restaurant owner Jeff Zalaznick with sales (Carbone).
At 151 Wooster Street in SoHo is a five-bedroom duplex, designed by Ken Fulk and is being sold by the Alexander Team. It’s on the market for $14,995,000. Alexander Noren and Tal are one of the highest-paid real estate agents in New York.
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#2. Emily Beare
Core Emily Beare of NYC Core is always one of the best real estate agents in New York City. Emily Beare is one of the highest-paid real estate agents in New York. She has sold more than $4 billion in her career. She has also become the broker of choice for designer Nate Berkus.
In August, she helped him sell a $13.5 million West Village townhouse without putting it on the market. Beare has worked with Diane Kruger before and sold a SoHo house that Kanye West used to own. She has a listing for $35 million at the posh condo building 15 Central Park West.
“There are a lot of good buyers out there, but not enough stock.” “I get emails from brokers every single day asking what I have for $20 or $30 million in the West Village.” Beare just bought a home at Walker Tower on West 18th Street for $14.25 million. The home has a terrace with stunning views of the city.
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#3. Serena Boardman
Serena Boardman has sold more than $4 billion worth of property in her 20 years at Sotheby’s International Realty. In 2021, Boardman put up for sale a mansion in Central Park West. Its owners were Michael Douglas and Catherine Zeta-Jones for $21.5 million. She also put up a townhouse on the Upper East Side owned by billionaire Ron Perelman for $60 million.
Boardman recently sold a penthouse for $32 million for Broadway producer Terry Allen Kramer. She also sold a mansion for $17 million for former Simon & Schuster boss Dick Snyder. Boardman is one of the highest-paid real estate agents in New York.
#4. John Burger
John Burger of Brown Harris Stevens was in charge of a lot of big deals. He is one of the highest-paid real estate agents in New York. Bette Midler sold her Upper East Side penthouse for a cool $45 million. The Nasser family, who got rich making textiles, sold their Fifth Avenue co-op for $35 million. Jeff Bezos has also worked with Burger on several deals.
Burger says he thinks the Upper East Side and Central Park West markets have had a bit of a renaissance. Central Park is New York’s crown jewel, and more and more people are loving it. During COVID, it was the only chance for many people to be outside and away from people.
#5. Brown Carrie Chiang
Carrie Chiang of Corcoran has worked with big names like Barbra Streisand, Jim Carrey, Sean Combs, and Derek Jeter since she started her career in 1988. She is currently helping Yue-Sai Kan, “the Oprah of China,” sell her townhouse at 6 Sutton Square for $28 million. She also has a contract to sell the China Institute building for $14.9 million.
Chiang is also no stranger to eye-popping Billionaire’s Row listings.
She currently represents a $79 million penthouse at 432 Park Ave. There is also a $63.75 million spread at Central Park Tower. Chiang says she mostly works with people on the Upper East Side.
A lot of the people she worked with may have lived downtown or in New Jersey. This was all before the pandemic. She is one of the highest-paid real estate agents in New York.
#6. Pamela D’Arc
Pamela D’Arc has been in the industry for 28 years. In 2019, when Compass bought Stribling and Associates, she moved to the new company and got the right to work. During the pandemic, D’Arc made deals for people like Jennifer Lawrence. The estate of the late Alan Rickman was not left out.
In 2021, D’Arc has been busy with deals for people in Los Angeles. D’Arc says she knows so many people from Los Angeles who have decided to move to New York or move back to New York. She also helped former CEO and chairman of MTV Networks Judy McGrath sell her Upper West Side brownstone for $7.8 million this fall.
Pamela D’Arc is one of the highest-paid real estate agents in New York.
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#7. Danny Davis
Since the start of the pandemic, Corcoran’s Danny Davis has handled a higher-than-usual number of off-market deals. This includes the sale of WeWork co-founder and CEO Adam Neumann’s West Village townhouse in August for $13.65 million. Davis was also in charge of the team that listed and sold Shawn Levy’s $15 million Tribeca penthouse in June.
Public records show that Levy and his wife bought the house two months ago for $13 million. Davis’s total sales for 2021 are almost $300 million. He is currently selling a $12.5 million penthouse at the Clark Building in Tribeca.
Davis says he is very hopeful and excited to see what will happen with the foreign market. He knows a few people who can’t wait to fly back to New York and buy a house. He is one of the highest-paid real estate agents in New York.
#8. Paula Del Nunzio
Paula Del Nunzio is one of the highest-paid real estate agents in New York. Del Nunzio has become an expert in selling very expensive townhouses. She has worked with famous people like Jessica Chastain.
She is the listing agent for a $52 million townhouse on the Upper East Side that belongs to the American Irish Historical Society. She is also the agent for a $14.5 million townhouse that Gwyneth Paltrow lived in as a child. This year, she sold the 20,000-square-foot Upper East Side mansion of billionaire Vincent Viola for a huge $60 million.
Del Nunzio says, “What’s interesting about the luxury market is that it seems to do well no matter what else is going on. This is because some people will always want to be in New York.” “They may have homes in many other cities and countries, but they always want something in New York.”
#9. Fredrik Eklund & John Gomes
In the past few years, this Douglas Elliman duo has not only spread their Eklund Gomes sales team to both coasts but also Florida and Texas. Fredrik Eklund has made THR’s list of the Top 30 Hollywood Real Estate Agents this year. He says that rich people are buying more homes all over the country. “Now they collect these apartments like works of art.
You had a collection of art, and now you have a collection of things for your home. The team has worked with people like Keith Richards, Jennifer Lawrence, and Gigi Hadid. They were in charge of sales at 75 Kenmare. It got designed by Lenny Kravitz and is now selling a $79 million condo at 432 Park Ave.
The group also helps with sales at The Olympia, a new luxury building in Brooklyn’s DUMBO neighborhood. They are one of the highest-paid real estate agents in New York.
#10. Stephen Ferrara & Clayton Orrigo
Clayton Orrigo and Stephen Ferrara work together at Compass as the Hudson Advisory Team. They work closely with New York City power players in media, fashion, and other fields. In late 2020, they sold Nelson Rockefeller’s old Upper East Side apartment and represent Graydon Carter and Marc Jacobs, among others.
In 2021, they sold a $50 million penthouse in Tribeca’s so-called “Jenga building.” They also helped Tom Ford sell his Tadao Ando-designed New Mexico ranch for $48 million. This took them outside of New York City.
“We’ve seen a move toward having more than one home,” says Ferrara. “People with a very high net worth have always had more than one home. They are amongst the highest-paid real estate agents in New York.
Clayton Orrigo and Stephen Ferrara, both of Compass, and Kirsten Jordan were the listing agents for Nelson Rockefeller’s co-op. It sold for $9.95 million last year. Steve Gold, a Corcoran Corcoran broker and star of the TV show Million Dollar Listing New York, sold several penthouses over the past year. One of them was at 15 Hudson Yards and sold for $29.5 million, which was the most ever sold there.
He was also responsible for selling all three penthouses at 520 West 28th St. The design was by Zaha Hadid.
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#11. Ravi Kantha & Matthew Lesser
Ravi Kantha and Matthew Lesser, as part of the Lesser Kantha Team at Leslie J. Garfield, have sold a lot of townhouses to well-known buyers in Brooklyn and Manhattan. This year, they helped Steve Nash, the head coach of the Brooklyn Nets, buy a $5 million Brooklyn townhouse.
They also helped Arthur Miller’s daughter sell her $10.5 million Chelsea carriage house. Some of their best years in business have been 2020 and 2021. Buyers want privacy, space outside, and to live on more than one floor. These real estate agents help people get exactly this. They are among the highest-paid real estate agents in New York.
#12. Debbie Korb
When Jimmy Fallon and his wife, producer Nancy Juvonen, put their Gramercy Park triplex on the market earlier this year, “They were happy to have it out there because it’s so unusual,” says Debbie Korb of Sotheby’s International Realty. “It’s very strange in a great way, and it shows both of their personalities.”
Korb also has the listing for David Duchovny’s $7.5 million apartment on the Upper West Side. He helped Maggie Gyllenhaal and Peter Sarsgaard sell their Park Slope townhouse in the past. Debbie Korb is one of the highest-paid real estate agents in New York.
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#13. Adam Modlin
Adam Modlin, who started Modlin Group, is easily one of the most powerful people in the city. He handles high-profile and sometimes sensitive deals for some of the most famous people in the city. Jennifer Lopez, Kanye West, Josh Kushner, and Karlie Kloss, Joe Jonas and Sophie Turner, former Google CEO Eric Schmidt, Ryan Seacrest, Tom Brady and Gisele Bündchen, and Emma Stone are all clients of Modlin’s from just this year.
Modlin also sold the former Upper East Side townhouse of disgraced financier Jeffrey Epstein for $51 million to Australian financier Michael Daffey.
Most recently, he broke a record by selling a Hamptons property for more than $100 million. It was worth more than any other property ever sold. Stephen Ross, a developer, and co-owner of the Miami Dolphins gave him a $50 million penthouse at the Time Warner Center to sell.
Adam Modlin is one of the highest-paid real estate agents in New York.
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#14. Ryan Serhant
In the past year, Ryan Serhant, a regular on Million Dollar Listing New York, has been on the show’s 10th season. He had a second season of his podcast picked up by iHeartRadio.
Ryan Serhant is one of the highest-paid real estate agents in New York. He left his longtime job at Nest Seekers International to start his own company, Serhant. It became a division for concierge services for high-net-worth clients.
Serhant also sold the $6.5 million SoHo penthouse of Bella Hadid. This included properties owned by chef David Bouley and hotelier Ian Reisner. Serhant is in charge of sales at Brooklyn’s Quay Tower, where Zendaya is one of the people who has bought a place. Ryan Serhant sold Bella Hadid’s SoHo duplex penthouse.
It was 2,180 square feet and had two floors, for $6.5 million in April.
#15. Leonard Steinberg
Steinberg’s job title at Compass is “chief evangelist,” and he says, “The New York luxury markets never died; they just took a long nap.” The luxury markets have come back with a vengeance, and buyers who took a chance in 2020 and 2021 did well.
Steinberg’s sales team, which he named after himself, regularly trades in some of the city’s most famous buildings, like the posh new building at 33 Park Row. Public records show that he helped Jon Bon Jovi sell his $22 million Manhattan condo early this year. He is one of the highest-paid real estate agents in New York.
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Frequently Asked Questions
Emily Beare of Core is always one of the best agents in New York City. She has sold more than $4 billion in her career.
In New York State, a real estate agent makes an average of $87,804 per year.
Each real estate office has its standards for who is a top producer. It’s safe to say that a top producer would have to sell at least one home per month to qualify. The BLS says that top producers start by making about $112,610 a year.
Real Estate Broker. The law lets a real estate broker negotiate and set up deals about real estate. One of the best-paying and most lucrative jobs in the real estate industry is as a real estate broker.
Indeed says that the average income of a real estate agent in New York is $111,734. Due to the high cost of property in New York City, agents there make more money on average each year than agents in many other parts of the state. As a real estate agent, the only way you’ll get paid is by commission.
Starting a career as a real estate agent is exciting and appealing for many types of professionals. From recent college graduates looking for their first job to people who are already working but want to change things up.
Even though there isn’t a set path for how to become a real estate agent, there are some activities, costs, milestones, and things to think about that almost everyone who wants to become an agent will go through. The highest-paid real estate agents in New York went through this. You would too if you ever want to get there.