Small brokerage takes Citi Habitats space

New York /
Jan.January 13, 2009 03:42 PM

Downtown residential real estate brokerage New York Living Solutions is taking over the Financial District storefront recently vacated by Citi Habitats, and will be setting up its flagship office there.

New York Living Solutions, a sales and rental brokerage with just over 100 agents, signed a lease for the space at 100 John Street about three weeks ago and is slated to move in within a week, said Mizan Ayers, the company’s CEO. The office is down the block from the company’s small quarters at 90 John Street at Gold Street, which the company is keeping open, Ayers said. The company’s other office is at 34 East 20th Street between Broadway and Park Avenue.

The 100 John Street opening comes after the real estate company closed its
Hoboken office at 84 Washington Street several months ago “due to
market conditions,” Ayers said, choosing instead to focus on Manhattan
sales and rentals. Ayers said the company has also cut back on
marketing, advertising and administrative costs to help save money.

Two of the company’s principals, Michael Roche and Arnon Barzilai, started their careers at Citi Habitats’ 100 John Street location, which was open for a decade before being shuttered last month, Ayers said.

Barzilai started working for Citi Habitats in 2000 and was promoted to manager of the 100 John Street office in 2004, when he hired Roche. The two left Citi Habitats to start New York Living Solutions in 2005.

When they noticed  that Citi Habitats was moving out of the space, their interest was piqued.

“There was some emotional attachment [to the space],” Ayers said.

The company negotiated the lease directly with landlord Joseph Moinian, CEO of the Moinian Group, Ayers said.

The new 1,100-square-foot office, located in a 221-unit luxury rental building at the corner of John and Cliff streets, will be the real estate company’s flagship, said Ayers, who did not comment on the rent the company will pay. It’s smaller than the company’s Other John Street office, which is roughly 3,000-square feet, Ayers said, and 100 John will be the firm’s only storefront location.

“It’s great visibility and exposure,” he said, adding that New York Living Solutions has listings in the rental building at 100 John Street.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Democrats' numerous attempts to close the carried-interest loophole have failed
Developers, rejoice: Carried-interest loophole is saved again
Developers, rejoice: Carried-interest loophole is saved again
From left: Jeff Goldberg, CEO of Fairstead, and Will Blodgett, Founder of Tredway (Getty Images, Fairstead)
Fairstead fires back, alleges Blodgett threatened to go “torched earth”
Fairstead fires back, alleges Blodgett threatened to go “torched earth”
Hilton Head (Illustration by The Real Deal with Getty Images)
The new normal: $1M price tags in Hilton Head
The new normal: $1M price tags in Hilton Head
Wyoming ranch with ties to Walt Disney hits market for $71M
Wyoming ranch with ties to Walt Disney hits market for $71M
Wyoming ranch with ties to Walt Disney hits market for $71M
13000 and 13001 Lewin Lane (Photos via Jills Zeder Group)
#Twinning: Identical brothers asking $54M for side-by-side mansions
#Twinning: Identical brothers asking $54M for side-by-side mansions
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...