Vlad Sapozhnikov, who in 2009 launched Bid on the City, the first live online real estate auction site, has kicked off a full-service firm that links clients with residential and commercial investment properties.
One World Property Advisors focuses on locating off-the-radar properties in New York and Miami for clients looking to turn a profit from day one, Sapozhnikov told The Real Deal. With a hefty chunk of clients overseas, his firm serves as their eyes and ears for everything from finding temporary rentals when they’re in town to leasing and maintaining those profit-turning investment properties.
Joining forces with colleague Elena Borokhovich, Sapozhnikov works to uncover properties that may not necessarily be on the market but that the owner might consider selling.
They are part of a team of five in the firm’s office on the 11th floor of 48 Wall Street.
The Russia native travels to Moscow and the Ukraine several times a year, and also works with U.S.-based Russian expats.
Sapozhnikov got his start in real estate when he came to the U.S. more than 15 years ago. He started working with small residential properties and soon landed a daily gig talking about real estate on a local Russian-language radio station.
With the onset of the 2008 recession, Sapozhnikov came up with the idea of an online auction to make the most of a market littered with properties buyers could no longer afford. The idea became Bid on the City.
In the meantime, Sapozhnikov’s clients increasingly sought help with more than just brokering residential sales, so he broadened his services.
“Foreigners don’t necessarily separate residential from commercial,” he said. “We need to be able to provide full services in terms of both.”