116NY
RentersBuildings

For building managers and real estate brokers

One piece of software
to rent empty apartments

Leasing today lives in email, phone calls, and Excel. We put it on a web page. Buildings fill empty units faster, get fewer “do you pay a broker fee this time?” calls, and fight less over commissions. Brokers can join free, see which buildings pay a fee, take clients on tours, and apply.

Talk about a building on WeChat or WhatsApp

This is for buildings that rent many apartments. If you only rent out one or two units yourself, you don't need this software.

What it does for you

Three things it helps with

Empty units rent faster

Whether you pay a broker fee this time, and which units, is visible to brokers across the city — not only a few people you already know.

Less busywork

One invoice format. Common building questions sit on the page. You stop answering the same email every day.

Fewer commission fights

Who brought the client, and which fee offer was live, stays in the system when two brokers claim the same deal.

What's in the software

The tools, in plain words

Built for the work between a building and outside brokers — not another program for collecting rent.

Rent faster

Tell every broker: do you pay a fee this time?

Write it on the page: yes or no, who pays whom, which rooms, from which date, whether it stacks with a free month, and who has to approve. Leasing and property both sign online before it goes out. Every broker sees the same text. Later payouts can match that version. The network is free for buildings and brokers — the point is more people.

  • Both sides sign online. A junior staffer can't publish a fee the building later denies.
  • One version of the offer. Settlement can point back to the text that was live.
  • Buildings and brokers use the network at no charge.

The empty-unit list updates itself

Old shared spreadsheets go stale. Someone applies and nobody updates the row, so you get a pile of duplicate applications. Here, when a broker applies, the unit shows “someone is already applying,” and others can't grab it unless you say you still want backup applications.

  • Show the list only to people you choose, or keep it private so rivals don't see how many units are empty.
  • Floor plans, video, amenity fees, utilities, which floor the gym is on, and income rules sit on the building page.
  • One 2-bedroom can pay a full month's fee; another only half.

Several brokers fill a shared apartment; the fee splits itself

Big apartments often need two or three people. One broker rarely finds them all, and nobody wants to share a client. The page shows “main bedroom taken, other rooms open.” When the set is complete, New York-ready papers are generated, everyone signs online, and the building gets separate invoices. 116NY never holds the money.

  • Open bedrooms stay listed so another broker can bring someone in.
  • A joint agreement is created and signed online.
  • The building pays each office the agreed share. The money does not go through us.

Less busywork

Commission invoices look the same

Today every office emails a different bill. Some don't even write the tenant name or unit. After a deal closes in the system, one template goes to building accounting with tax forms and the license.

  • Tenant, unit, move-in date, and amount on every bill.
  • Tax forms and the license travel with the invoice.
  • Paying online later is a plan. For now we only clean up the bill. We don't move the money.

Fewer fights, fewer legal problems

Whose client is this?

Only an in-person tour can register a client. An email that says “this is my client” does not count. A resident can switch brokers before a lease is signed, not after, and not over and over. If no real application is filed within about 30 days after the tour, the protection ends.

  • A tour in person is required to lock the client.
  • Switching is allowed before the lease, not after.
  • No application in the window — the client is free again.

Book a tour; sign papers online first

Identity, fair housing (no discrimination), and waivers are signed before anyone arrives. Fewer lost paper packets. For self-guided tours, the page says which units are open, where the key is, and which floor the gym is on.

  • Papers are signed before the lobby, not on a clipboard.
  • Self-guided tours list units, keys, and amenities.
  • Staff host less; the building keeps a record.

Check that the person has a license

You need a license to do real estate in the U.S. Sign-up asks for name, license number, and a photo of the card. We check it. The day the license expires, access stops. Buildings don't send listings to unlicensed people.

  • Name, number, and a photo of the card before anyone goes live.
  • Access drops the day the license lapses.
  • Buildings only work with licensed brokers.

Is this broker reliable?

How many units they closed in this building, how many tours they booked, whether they showed up on time, plus license and company — on one page. When an email has no signature, you still know who it is.

  • Deals and on-time tours in this building.
  • License, photo, and the firm they work for.
  • Leasing teams can pick people who actually show up.

If you are a broker

Joining is free. Everyone sees the same information.

01

See which buildings pay a broker fee this time, and which rooms you can show.

02

Apply, book tours, and sign papers on the web page.

03

When two offices fill a shared apartment, the agreement and invoices are already calculated.

You don't pay 116NY a monthly fee. The building pays by the number of rental units.

Why it gets more useful

More buildings, more brokers, more rented units

  1. 01

    More buildings join

  2. 02

    Brokers see more empty units and fees

  3. 03

    More brokers bring clients

  4. 04

    More apartments get rented

  5. 05

    Buildings want to keep using it

How much

A simple monthly price

Example price

$3

per rental unit / month

This is the example used in our current materials. If we add more features, the price may change.

The building pays monthly. Brokers join for free.

A 300-unit building, one year

Say each unit rents for $4,000 a month — $14.4 million a year in rent.

Units rent a little sooner

10 empty units a month, rented 3 days earlier

about $48,000

Less time on email and invoices

Part of the monthly paperwork and broker email goes away

about $14,400

Those two together

about $62,400

Software for the year

$10,800

After the software fee

about $51,600

On this example, the building is ahead by about $51,600 after paying $10,800. That's roughly two months to earn back a year of software. On a $14.4 million rent roll, $10,800 is a very small line.

Talk about how one building would use it

How we're different

We are not another program for collecting rent and sending a plumber

A lot of software helps a building collect rent, fix things, and keep the books. Almost nobody focuses on this: how a building and outside real estate brokers rent empty apartments together.

Keep the software you already use for rent and repairs. You don't have to replace it.

116NY does three things: a web tool for the building, a network brokers can see, and a record of the leasing process.

Common questions

Questions from buildings and brokers

No. Brokers join free. The building pays monthly, based on how many rental units it has.

Get in touch

Talk about a building, or I'm a broker who wants to join

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