Internet Site Features Data Base of Prequalified Co-op and Condo Buyers

NEW YORK CITY-A new real estate real estate exchange, www.cityrealty.com, has opened here that aims to connect brokers with those seeking co-ops and condominiums. It is said to be the first site that aggregates owners and brokers with buyers and renters for residential real estate in any major US city.

Apartments from dozens of real estate firms and websites with information about more than 1,000 apartment buildings are available here, amounting to more than 200,000 units. This is not a multiple listing service, according to company president David Levy, but focuses on the consumer.

“It’s a mirror image of a multiple listing service,” he says. “An MLS is a data base of properties that a broker or buyer searches directly. What we’ve created is a data base of buyers, in addition to a data base of properties, so a broker can find prequalified and active buyers.”