Ground-Breaking Real Estate Firm Seeks To Capitalize on Innovation and Influx of International Investors
NEW YORK – October 6, 2014: RLTY NYC has officially launched its operations in New York City. The full-service real estate company will be led by Co-Founders and Principals Emir Bahadir, a multi-generational real estate professional, and Benjamin Benalloul, a developer and real estate executive who is well-known in the New York City marketplace.
The firm will specialize in brokerage, property management and development of luxury and extraordinary properties. Both principals, Bahadir and Benalloul, have extensive industry experience with current operations in New York City, including involvement in the first resale at the coveted One57 residential development located at 157 West 57th Street – a $34 million condo.
Through Bahadir, RLTY NYC has arranged global alliances with European and Middle Eastern investors. “The intention of this new entity is to reach the influx of investors seeking to leverage their capital in the thriving New York real estate market. New York is the most international city in the world.” He continued, “This is a terrific opportunity for our joint venture, and we have quickly demonstrated our expertise.”
The firm is proactively hiring and expanding its team to include some of the industry’s most successful and forward-thinking agents. “We plan to attract and foster visionary talent and are seeking innovative real estate professionals who have a deep-seated desire for success,” said Benalloul. “This is an exciting turn in my career and I am looking forward to developing this platform, which is centered on long-standing partnerships with our clients and their goals.”
Bahadir was educated at the prestigious American School in Switzerland and ultimately earned his Bachelor of Science Degree in technology management and business management from New York University. Along with his work in real estate, Bahadir is a shareholder at Magnises, a VIP membership-only community focusing on enhancing the social lives of its New York City members. Through Bahadir, RLTY NYC has arranged an international alliance with BHDR, one of the oldest and most established real estate firms in Turkey, specializing in property development and construction.
Benalloul entered the real estate market in 2009 with many great successes, including the $95 million sale of The Electra on East 91st Street. A native of Long Island’s ”Gold Coast,” he is a benefactor of The Metropolitan Museum of Art, which highlights the art collection of his great-grandparents, Jack and Belle Linksy, the founders of Swingline Staplers. Benalloul is also affiliated with The Beth Israel Hospital, The Great Neck Arts Center, and New York University’s Leonard N. Stern School of Business.