Mickey Roth

Prudential Douglas Elliman brokers Meir “Mickey” Roth and Lenny Sporn have left the brokerage giant to start a new firm.

Roth and Sporn, formerly partners in the Roth-Sporn Group, parted ways with Elliman two weeks ago and are in the process of launching Park River Properties, which will focus on organizing international buyers into purchase groups for new development condominium units.

The new company, temporarily headquartered at 117 East 57th Street, is slated to formally launch in January, Roth told The Real Deal by telephone today. The company currently has three employees in addition to Roth and Sporn, including two based in Israel, where they expect to recruit most of their buyers at first, he said.

“This is a unique concept and something we’re very excited about,” Roth said, adding that a couple members of Elliman’s Roth-Sporn group, which previously had four members, have joined the venture. [more]