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The Nassimi Group Hitches Its Wagon To Douglas Elliman | Inman

Previously an unbiased brokerage, The Nassimi Group has relinquished its indie standing to turn into a 10-person workforce below Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in gross sales quantity.

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The previous unbiased luxurious brokerage The Nassimi Group has relinquished its indie standing to turn into a 10-person workforce below Douglas Elliman, the brokerage introduced on Friday.

Howard M. Lorber | Douglas Elliman

The agency, which was based in 2007 by Richard Nassimi, has a scope of operations that extends throughout New York, Florida, Nevada, California, Europe and Asia. Now with its affiliation with Douglas Elliman, the workforce will function out of the brokerage’s workplace on Madison Avenue in Manhattan.

“Richard has lengthy been a power in actual property,” Howard M. Lorber, govt chairman of Douglas Elliman, stated in an announcement. “We welcome his workforce’s experience in worldwide gross sales, and we’re assured he’ll solely construct on his success right here at Elliman.”

The Nassimi Group has closed over $1 billion in gross sales quantity throughout business and residential offers over the course of Nassimi’s 16-year profession. In 2022, he closed roughly $80 million in gross sales quantity, and his priciest deal thus far was a 20-year business lease for Hyundai Genesis at over $200 million.

Scott Durkin | Douglas Elliman

“We’re proud to welcome Richard and his gifted workforce members to the Elliman group,” Scott Durkin, president and CEO of Douglas Elliman, stated in an announcement. “Having led his personal agency, Richard has a useful sense of the market. As a brokerage that champions entrepreneurship, we all know he’ll really feel proper at residence right here.”

The workforce’s focus whereas at Douglas Elliman will probably be luxurious apartment gross sales, land developments and business offers, in line with an announcement from the brokerage. For the reason that begin of 2023, the workforce has signed $30 million in unique gross sales listings throughout each business and residential markets.

Richard Nassimi | Douglas Elliman

“I’m grateful for Howard and Scott’s management over time and look ahead to becoming a member of the Elliman ranks,” Nassimi stated in an announcement. “Douglas Elliman’s unique partnership with the London-based agency Knight Frank will enable me to raised service my worldwide clientele and construct an excellent larger international property community. My workforce and I look ahead to drawing on the assist and experience of the agency’s first-class assets in know-how, advertising and marketing and public relations.”

Previous to coming into actual property, Nassimi labored in valuable stones and eating/hospitality as a restaurant supervisor. Whereas working in these careers, he accomplished renovation initiatives in Lengthy Island on the aspect, fostering his curiosity in actual property. He’s a local of Milan, Italy, and has lived in New York for concerning the final 25 years.

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