![sholmi badaga apartments nyc sholmi badaga apartments nyc](https://photos.realtyhop.com/p/s/990x990/4600203_b1af26454ce2d1861366113dba9d55e6a7a19ef270fe05468f86078cc9a7d978.jpg)
“I gave up my re-sale business and began working with developers as they first began considering a site. For the next seven years at Corcoran, Reuveni built a reputation as a go-to guy among a burgeoning class of builders bringing a new New York to life with sexy glass towers and trendy conversions.
![sholmi badaga apartments nyc sholmi badaga apartments nyc](https://rew-online.com/wp-content/uploads/2017/06/Nine52-e1497619626887.jpg)
It also gave his career a definite direction. “That’s where I cut my teeth doing new development. “We had to come up with recommendations for unit size and finishes, advertising campaigns and broker outreach,” he recalled. That led to a conversion project on East End Avenue and an exclusive agreement to sell and market a co-op conversion project at The Chapin House on East 84th Street. He’d sold an investor client a block of units and, a year later was asked to re-list them for sale. “Around 1999, I fell into what we call today new development deals,” he recalled. I had picked up a lot of that referral business and was persuaded to join Corcoran to do sales,” said Reuveni.Ī new decade brought a new breed of property developers and investors to the by now upwardly mobile city, and Reuveni was quick to educate himself in their ways. “Back then, Corcoran didn’t have a separate rental department and I had established many relationships with high-end agents who needed their rental leads handled the right way. That’s the talent I developed at the time and business really thrived.”Īpartment hunting for the global jet-set soon steered Reuveni into the hallowed halls of the city’s brokerage elite and, in 1995, he was hired by Corcoran luminaries Teresa Hall and Elaine Dean. I was told I was a natural at dealing with people from different countries, navigating the different cultures, languages and ways of doing business. “I worked mostly with big banks, law firms and advertising agencies placing their international staff in high-end apartments. Reuveni soon found himself learning the international relocation business. He credits husband and wife brokers Relly and Edit Arbib with showing him the ropes and, when they left to set up their Quality Living brokerage in 1989, he went with them. As a agent, rentals were the only game in town and that’s where I got my early education in real estate,” said Reuveni. “There wasn’t a condo market back then, it was co-ops and rentals.
![sholmi badaga apartments nyc sholmi badaga apartments nyc](https://photos.realtyhop.com/p/s/990x990/12717052_6c668b08627251c7bdffbd8a559d150f5f5db318f2abaa23515de3637d9485bf.jpg)
There was a huge drop-off in housing prices before the market began a slow and steady climb that saw 250% added to the value of city property by the end of 2006. But the beginning of the new decade brought an avalanche of economic woes from the savings and loans crisis. I was in college for one year … then life led me to real estate.”įriends in the business lined him up with a job at JI Sopher and the young agent dived straight into a market in the midst of its biggest roller-coaster ride since the first Great Depression.Īccording to New York University’s Furman Center for Real Estate and Urban Policy, the late 80s saw Manhattan apartment prices jump 152% on the previous ten years. “I was a good student,” he recalled, “but I wasn’t quite sure what I wanted to do.
Sholmi badaga apartments nyc professional#
Reuveni’s parents immigrated to the US from Israel when he was 15, the pinnacle of the teenage angst years, and, after leaving Forest Hills High in Queens, he enrolled at Hunter College not sure where his professional life was headed. “We all learn from experience, and I always strive to do better with the next project.” “I think I am a product of the developers I have worked with over the years,” said the executive vice president of Brown Harris Stevens SELECT, the new development division of the prominent city brokerage, who has had $400 million in closed and contract deals for 2011 alone. Ever since dropping out of college in 1986, Shlomi Reuveni has been doing his homework.