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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their