Mdrn.

Mdrn. specializes in residential rental services within the New York City real estate market, providing expert guidance for both renters and landlords navigating the complexities of property transactions. Founded in 2013 and headquartered in New York, US, Mdrn. operates as a real estate service provider focused on residential rentals.

The company has completed one deal, with its most recent transaction occurring on February 12, 2018. Elliott Frampton serves as the CEO. Mdrn Residential offers a comprehensive suite of services tailored to the New York City real estate market, focusing primarily on residential rentals and real estate investment. Their core offerings include detailed guidance on navigating the complexities of the rental market, including rent increase regulations, roommate finding services, and insights into mortgage applications for potential homebuyers.

The company also provides resources on various topics such as income-restricted apartments, rental history checks, and the dynamics of NYC broker fees, catering to both renters and landlords. Their client base encompasses a diverse range of users, including first-time renters, seasoned landlords, and those exploring suburban options around New York City. Mdrn Residential primarily serves the competitive real estate markets of New York City and its immediate suburbs, delivering valuable information to enhance the rental and home-buying experience. Mdrn Residential generates revenue primarily through service fees and commissions associated with real estate transactions and rental agreements.

The company engages in direct transactions with clients, providing consultancy services for renters and landlords alike. For example, when a renter secures an apartment through Mdrn Residential, the firm may charge a broker's fee, which is typically structured as a percentage of the annual rent. Additionally, the company may collaborate with landlords and property owners to offer management services or to facilitate tenant placement, further contributing to their revenue model. This structure supports a direct-to-consumer strategy while also fostering partnerships with property owners in the vibrant New York City housing market.

In February 2018, Mdrn. raised an undisclosed amount of SEED funding from unspecified investors. The funds are expected to support the company's initiatives for expanding its services and enhancing its technology platform to better serve the needs of clients in the New York City area. Mdrn.

aims to explore new markets in the surrounding suburban regions, with plans to launch these expansions by 2020.