News: Brokerage

Douglas Elliman Development Marketing to start leasing The Stack

The Stack, one of the city's first modular multi-story housing developments, has opened its doors to renters. The seven-story prefabricated steel and concrete development consists of 28 studios, one, two-and three-bedroom homes. Douglas Elliman Development Marketing is exclusively handling the marketing and leasing for this project. Developed by Jeffrey Brown and Kimberly Frank and designed by GLUCK+, the Stack is located at 4857 Broadway in the Inwood section. "Inwood remains one of the last undiscovered neighborhoods in Manhattan - a hidden gem," said Clifford Finn, executive vice president at Douglas Elliman Development Marketing. "The Stack is modern in its modular approach and speaks to an audience that appreciates its innovative design. We expect to have tremendous interest among renters with this property." According to Brown and Frank, the developers, "this project exemplifies the opportunity to create an exciting design for living while enjoying the benefits and efficiencies of controlled, offsite fabrication. As builders and developers, we are intrigued with this methodology and its application on a multitude of new projects. And, while the construction is innovative, the completed building provides a well-designed, efficiently built, modern structure incorporating 28 beautiful, comfortable, light-filled homes." The 38,000 s/f building was fabricated off-site in Pennsylvania by DeLuxe Building Systems before being shipped to New York City as 56 separate modules. The foundations and the concrete first floor were built traditionally at the site. Additional work included erecting the building and completing the mechanical system connections, creating a seamless interior finish and, as a final step, installing the exterior façade. All residences feature high-performance aluminum windows and tenant-controlled heat and air conditioning. Highly stylized kitchens boast solid surface Corian countertops with under-mount stainless steel sinks, maple kitchen cabinets and GE stainless steel appliances. Mosaic bathroom tiles, contemporary bathroom vanities and WaterSense fixtures grace each bathroom. Residents will have a choice of integrally colored concrete floors or a more traditional, yet also environmentally friendly, wood flooring design. Select units offer private outdoor space and washer/dryers. Additional amenities include a virtual doorman, private tenant storage, bicycle storage, an on-site laundry room and a common outdoor landscaped terrace. The Stack is a completely smoke-free property.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking