Flexible living platform Stoop, and Mdrn., a residential real estate platform focused on for sales and leasing, both based in New York City, recently finished raising over $1 million.
The partners have relocated from 900 Broadway to 443 Park Avenue South, where they expect to add 80 more agents to their current roster of 70 by year-end.
Mdrn. represented themselves in the 7,500 s/f lease and Matt Fisher, of Cushman Wakefield represented the landlord, Koeppel Rosen. The prior tenant was Recycle Bank. Mdrn. signed a two-year lease at $45 per square foot an estimated $333,000 annual rent.
“Mdrn. was busting at the seams due to rapid expansion so moving to a larger office space was our next natural step,” said the firm’s founder, Zach Ehrlich. “In addition, our long-term goal is to open additional offices in the Union Square, Midtown and Brooklyn areas.”
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