Bond New York Expands Into Upper Manhattan With Absolute Acquisition
Bond New York is movin’ on up.
The residential brokerage acquired Harlem-based Absolute Properties and is taking over its HQ at 1677 Amsterdam Ave (pictured).
Twenty-two of Absolute’s 28 employees have joined the new firm, including Absolute Properties CEO and co-founder Nathan Grass, The Real Deal reports. Bond co-founder Bruno Riccotti says the Absolute agents will get the resources and backing of a large firm, which will be combined with their local knowledge.
Bruno has sought to expand into Upper Manhattan for close to a decade, telling TRD in 2009 that he wanted to capitalize on growing rentals and sales in Morningside Heights, Inwood and the Bronx.
Founded by Bruno and Noah Freedman in 2000, Bond New York operates four Manhattan offices (Chelsea, the Upper East Side, Union Square and Columbus Circle), and had $74M in total dollar volume of listings last year.
Absolute was founded by Nathan and James Endress in 2009. [TRD]