NEW YORK CITY—RLTY NYC has launched operations here. Thefull-service real estate company will be led by co-founders andprincipals Emir Bahadir, a multi-generational real estateprofessional, and Benjamin Benalloul, a developer and real estateexecutive.

|

The firm will specialize in brokerage, property management anddevelopment of luxury and extraordinary properties. Both principalshave extensive experience with current operations in New York City,including the first condominium resale at the upscale One57—themajor Extell Development Co. multifamily project at 157 West57th St.—for $34 million.

|

Through Bahadir, RLTY NYC has arranged global alliances withEuropean and Middle Eastern investors. “The intention of this newentity is to reach the influx of investors seeking to leveragetheir capital in the thriving New York real estate market,” hesays.

|

“We plan to attract and foster visionary talent and are seekinginnovative real estate professionals who have a deep-seated desirefor success,” adds Benalloul.

|

Through Bahadir, RLTY NYC has arranged an international alliancewith BHDR, one of the oldest and most established real estate firmsin Turkey, specializing in property development andconstruction.

|

Benalloul entered the real estate market in 2009 with manysuccesses, including the $95 million sale of the Electra on East91st street.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.