Eddie Shapiro is a real estate broker and the founder of Nest Seekers International, which is a real estate firm.
Nest Seekers is one of the most successful private retail estate firms in the United States. Shapiro also founded the LEV Group, another firm that deals with investment and development. Shapiro has a net worth of approximately $25 million.
| Name | Eddie Shapiro |
|---|---|
| Date of Birth: | December 13th, 1975 (46 years old) |
| Place of Birth: | Tel Aviv, Israel |
| Height: | 5 feet 10 inches (1.78 meters) |
| Profession: | Real estate broker, businessman |
| Marital Status: | Married |
| Children: | 3 |
| Parents: | Unknown |
| Net Worth Estimate: | $25 million |
Net Worth
It is unclear what Shapiro’s exact net worth is. However, it is speculated to be around $25 million.
Shapiro has made the majority of his earnings as the founder of Nest Seekers International, a real estate firm. The company is one of the most prominent private real estate companies in the United States, as well as one of the fastest-growing.
As part of this company, Shapiro has managed real estate dealings worth more than $10 million in 4 different aspects of markets.
He also founded the LEV Group, which is also a firm dealing with investment and operates more than 1 million square feet of projects. As such, this has greatly increased Shapiro’s net worth.
Shapiro is also a member of the Board of Directors for the Churchill Companies. This company manages corporate relocation and the extended facilities of several Fortune 500 Companies (1).
However, in 2015, Shapiro received a lawsuit from an agent for Nest Seekers named Andrea Sedwick.
The agent claimed that Shapiro abused his position as CEO of the company and discriminated against Sedwick for sex-based reasons.
Although the case was later settled, this likely affected Shapiro’s net worth (2).
Company
Shapiro founded Nest Seekers International in 2001.
The company has been involved with several high-value real estate deals. In 2018, The Real Deal ranked the company second on a list of New York City’s top brokers for residential properties.
The company had made approximately $500 million from closing property sales (3).
In 2011, the company acquired Water Mill’s Perspective Properties and a franchisee of Engel & Völkers for an unknown amount (4)
The following year, the company had made $252 million from residential real estate deals in Manhattan (5).
In 2019, Nest Seekers International expanded to include Shawn Elliott Luxury Homes and Estates.
It is unclear how much the acquisition cost (6).
One of the most notable ones was in 2019 with the sale of a property at 924 Bel Air Road. The property was eventually sold for $94 million, and Nest Seekers International received a portion of these proceedings (7).
In the same year, the company was responsible for what was the most expensive real estate listing in the United States. This was a property titled Casa Encantada, which had an asking price of roughly $225 million (8).
Additionally, Nest Seekers International also sold the two most-expensive real estate deals in the Hamptons in 2019. These were 263 Surfside Drive, which sold for $39.25 million, and 950 Meadow Lane, which sold for $35 million (9).
The company set the same record in 2021 after selling a property at 70 Cobb Lane for roughly $118.5 million (10).
In 2022, Nest Seekers acquired the Day Palazola Group, a brokerage firm in Breckenridge, Colorado.
It is unclear how much this acquisition cost (11). The company also sold a property worth $118 million earlier in the same year (12).
Shapiro is also the founder of the LEV real estate group, which also deals with investment opportunities. However, an exact revenue or valuation for the company is unclear.
Additionally, Shapiro is known to have established another company, titled Landmark. Before creating Nest Seekers International, Shapiro sold his stake in the company for an unspecified amount of money (13).
Earnings
The majority of Shapiro’s earnings have come from his work through his companies, Nest Seekers International and the LEV Group. However, it is unclear how much of the company’s proceedings go directly to Shapiro.
Before creating Nest Seekers International, Shapiro worked for the company Churchill Corporate Services.
It is unclear what capacity Shapiro worked for the company or his salary. Still, he earned enough from the company to establish his own real estate business. His earnings are likely to have been significant (14).
Shapiro has also appeared in the Netflix show Million Dollar Beach House, as well as Selling the Hampton and Crazy Rich Agents. However, his earnings from these programs are unknown.
Real Estate
As a real estate agent, Shapiro has owned various properties. However, the exact details for all of these properties are unclear.
Currently, he lives in the Hamptons at an unknown property. The median listing price for houses in this area is $2.19 million, or roughly $875 per square foot (15).
Shapiro also owns a condo at 50 United Nations Plaza in New York City, for which he is currently aiming to get a tenant (16).
It is unclear which apartment he owns in the building. However, the sales prices for these range from $1,675,000 to $39,950,000, or $1460 per square foot to $4117 per square foot.
The smallest apartments at this location are one bedroom with 1.5 bathrooms, whilst the largest has five beds and over six bedrooms (17).
Shapiro owns a vacation rental home in Puerto Rico (18). The exact address is unclear, although the median home price in the city of San Juan is $449,500 or $315 per square foot (19).
Early Life
Shapiro was born on December 13th, 1975, in Tel Aviv, Israel. Shapiro’s grandparents, named Shula and Lev, were Russian and met each other during the Second World War.
Shula worked as a nurse on the battlefield, and Lev was a Soviet soldier who was wounded, leading to him meeting Shula.
He moved to New York at the age of 18 and originally wanted to become a jazz musician. However, he soon changed his mind and became interested in real estate development instead.
Career
Before entering the real estate industry, Shapiro worked in a Bronx-based electronic store, where he stocked inventory. During the 1990s, Shapiro became an employee of several small-scale real estate groups in New York City.
He also worked for Churchill Corporate Services in an unknown position.
Shapiro created a company named Landmark, although it is unclear if this was a real estate firm. Eventually, he sold the company for an unknown amount of money and created Nest Seekers International in 2002.
Additionally, Shapiro created the LEV Group with investments from Churchill Corporate Services. The group functions as a development and investment firm.
Nest Seekers International quickly expanded to become one of New York City’s prime private real estate companies. In addition, the company expanded to acquire several other real estate companies.
Nest Seekers International currently operates in various locations around the world.
These include New York City, where the company was originally based, as well as Los Angeles, London, Miami, and Aspen. Shapiro aims to expand the company even further into Europe, particularly in Spain (20).
In total, Nest Seekers has roughly 30 offices with more than 1500 real estate agents.
Shapiro and Nest Seekers International has appeared in various real estate TV shows. These include Selling the Hampton, Million Dollar Beach House, and Crazy Rich Agents.
In 2015, Andrea Sedwick, a previous employee, sued Nest Seekers and Shapiro for sex-based discrimination. The lawsuit was eventually settled for an unknown amount.
Additionally, Shapiro is currently dealing with a lawsuit from 2008, which involved Shapiro illegally creating a deal with a lender with one of his clients (21).
Career Highlights
- In 2002, he founded Nest Seekers International and LEV Group
- In 2011, Nest Seekers acquired Water Mill’s Perspective Properties and a franchisee of Engel & Völkers
- In 2012, Nest Seekers made $252 million
- In 2019, Nest Seekers acquired Shawn Elliott Luxury Homes and Estates
- In 2019, he sold 924 Bel Air Road for $94 million
- In 2019 and 2021, Nest Seekers made record real estate sales
- In 2020, Shapiro began appearing on several real estate programs
Personal Life
Shapiro has been married to his wife, Lauren, for some years, although it is unclear when the two first met. The pair have three children together, including a son named Aiden Jude, who creates electronic dance music. Shapiro is his fan’s greatest supporter and frequently listens to Aiden’s mixes.
Interesting Facts
- Shapiro’s role model for his business is Warren Buffet, who is the CEO of Berkshire Hathaway (22).
- Shapiro’s favourite food is Middle Eastern cuisine (23).
- Shapiro’s greatest influence in his personal life is his grandparents (24).
- Shapiro does not enjoy drinking champagne and prefers protein shakes (25).
- Shapiro is an avid electric guitar player and collects many classical guitars (26).
Summary
Eddie Shapiro is a real estate broker and founder of Nest Seekers International, one of the most successful real estate firms in New York City.
He also owns the LEV Group and has been responsible for record real estate in the Hamptons for two years. He has a net worth of approximately $25 million.