The co-founder of the now-defunct brokerage Homestead New York has started his own company. Homestead co-founder Danny Shamooil said he recruited roughly 12 former Homestead agents to work at the new company, Prime New York, which is headquartered in a 1,000-square foot space at 48 Wall Street at William Street. Homestead announced last month that it would cease operations after what Shamooil said was a series of disagreements between him and partner Eli Adahan. Homestead alum Eric Hantman is vice president at Prime, and Jared Scotto is managing director. The company, which is launching its Web site in two weeks, will specialize in residential sales and rentals but will also dabble in commercial leasing, building sales and investment packages, Shamooil said. [more]

Homestead New York, the four-year-old boutique sales and rental brokerage firm, is closing up shop. Danny Shamooil, co-owner and co-founder of Homestead, told The Real Deal that
the company ceased operations before the New Year and is in the process
of completing the paperwork required to dissolve the business. The Web
site is no longer operational, he said. Shamooil and co-founder Eli Adahan decided to end their partnership
after a series of disagreements this fall, Shamooil said, combined with
pressure from the dour economic climate. [more]