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Residential

New city brokerage launches

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.

The firm will specialize in brokerage, property management and development of luxury and extraordinary properties.

Bahadir and Benalloul were involved in the first resale at the Extell’s One57 tower at 157 West 57th Street — a $34 million condo.

The company said it has arranged global alliances with European and Middle Eastern investors.

David Bahadir and SSSSS Benalloul
Emir Bahadir and Benjamin Benalloul

“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,” said Bahadir. “This is a terrific opportunity for our joint venture, and we have quickly demonstrated our expertise.”

Bahadir was educated at the American School in Switzerland and earned his Bachelor of Science Degree in technology and business management from New York University. He is a shareholder at Magnises, a members-only community.

Benalloul entered the real estate market in 2009 and was involved in the $95 million sale of The Electra on East 91st Street.

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