Hacker Connect January 16 in New York
An event for and by the real estate tech community

BidOnTheCity.com aims to stimulate Manhattan real estate sales with a high-tech system for global online auctions that features a 30-day marketing timeline and a 30-minute bidding window. Albert Feinstein and Vlad Sapozhnikov, executives for New York Business Group, a real estate brokerage firm, contracted with PropertyShark.com, a real estate data company, to build the bidding engine for the new company. After two years in development, BidOnTheCity.com will host the first live auction on May 14 -- the platform integrates in-person bidding at the company's Manhattan office with bids placed online or by phone. The company, which charges a 3 percent commission fee to both the buyer and seller, does not directly represent sellers or buyers in the transaction. "Broker services are...