Corcoran has gobbled up its sister real estate agency Citi Habitats.
Both real estate brands are owned by Realogy, but the merger means the end of the Citi Habitats brand, known for its big Brooklyn presence.
“We knew at some point that we’d put the brands together and that time is now. It made sense,” Corcoran CEO Pam Liebman told The Post.
There are no plans, however, for Corcoran to consume other Realogy companys, like Sotheby’s.
With the addition of Citi Habitats, Corcoran will now have 2,500 brokers operating in New York City. Last year, the company also expanded in South Florida, opening branches in West Palm Beach, Miami Beach and Bal Harbour. It also announced plans to franchise its name nationally and internationally.
Corcoran plans to close Citi Habitats offices in Cobble Hill, Greenpoint, Greenwich Village and the Upper East Side, but it will keep other offices open.
“Corcoran will now touch more customers and clients than any other firm — 22,000 rentals a year and more than 5,000 sales deals a year. No one else comes close to touching that number of clients,” Liebman said, adding that the merger will also help Corcoran compete against “third party” websites.
The news comes as Corcoran and a rival brokerage firm, Compass, have been involved in ugly court battles over poached brokers and price-fixing allegations.