Founder of the failed again-resurrected again bakery chain Crumbs, Jason Bauer, has gone into the real estate business. He partnered with veteran developer Avi Voda in the new firm Voda Bauer Real Estate.
Bauer and his wife Mia certainly have plenty of money to invest in real estate as they made $66 million off of the sale of Crumbs back in 2011, long before its new owners bankrupted it.
Based in the financial district, Voda Bauer already has 25 agents and more than $50 million in exclusive residential listings after being in business for less than 4 months. Its listings include an $18 million co-op apartment at 860 Park Ave. belonging to Denise Wohl and a $10 million East Village townhouse at 58 Third Ave.
According to The Daily News, they are planning two new small boutique condominium projects with only 20 units a piece in Harlem and in Clinton Hill.
Founded in May, Voda Bauer is a full-service real estate firm that assists both residential and commercial clients throughout New York City. The firm boasts that it is changing the way business in the industry is conducted and that it, “demystifies the process of buying, selling and renting property.”
“As founder and CEO of Crumbs, my goal was to create an iconic brand while cultivating a workplace environment unparalleled in the food industry, ” Bauer stated. “Together with Avi, one of New York’s top agents, we will create a successful real estate firm where corporate culture is as valued as agent productivity.”
Last month Voda Bauer was named official residential real estate partner of WeWork, a New York firm which subleases fully equipped office spaces.
“Both Voda Bauer and WeWork embrace the concepts of community, innovation and openness, ” Bauer noted. “Our progressive office environment is one that is unique to traditional real estate firms, and a breath of fresh air in today’s ultra-competitive New York City marketplace.”
“We were immediately drawn to WeWork; the collaborative, friendly and energetic environment is a shared vision for both of our companies. We are transforming the way residential real estate industry operates through this unique office environment that promotes collaboration over competitiveness.”
Avi Voda is a 20-year real estate veteran. Prior to founding Voda Bauer, he served as Executive Vice President at Douglas Elliman.