One year after launching in New York City, the rental platform Stoop has grown modestly in three boroughs, placing more than 70 renters in fully furnished bedrooms and apartments across Manhattan, Brooklyn and Queens, according to a release.

On the heels of a $1 million funding round in February aimed at expanding both the rental platform and its partner, the residential leasing platform Mdrn., Stoop now boasts 40 furnished bedroom listings and anticipates 72 by May 1. Since July, the platform has placed 42 bedroom renters and 29 apartment renters, each for a span of between three months and a year.

The renters are split between students at 43 percent, people moving because of a corporate relocation at 43 percent and short-term vacation rentals at 14 percent. Renters are coming from New York and California, but also from outside the United States: Canada, China, France and the United Kingdom.

The average bedroom on Stoop costs $1,683 and the average apartment costs $3,575, according to the release. A few buildings use Stoop for many of their rentals, with buildings on the Upper West Side in Manhattan and Ridgewood in Queens each listing nine. The others are scattered across Murray Hill in Manhattan and Park Slope and Williamsburg in Brooklyn.

Launched in 2014, Mdrn. is a brokerage that serves as property manager, landlord and agent all at once. With 70 team members, including its agents, the firm focuses on both technology and lifestyle to offer in-house photography, interior design and marketing alongside sales, leasing and property management.

The Stoop brand is much newer, as its modest listing numbers show. The $1 million raised earlier this year was intended to expand Stoop’s inventory and add personnel for its own operations team, according to the release.

The New York City rental market requires its own approaches, and Stoop is developing one tailored to the city and to renters looking for flexible, pre-furnished solutions.

Email Emma Hinchliffe

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Network with CoStar, Redfin, Realogy, SERHANT., Divvy, and thousands more in-person at ICLV this October. Prices go up Sunday.Register Now×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription