APT212

Type	Private
ISIN	🆔
Industry	Real Estate
Founded 📆	2012
Founder 👔	Yoav Blat
Headquarters 🏙️	, New York, US
Area served 🗺️	New York City
Key people	Yoav Blat (Founder and CEO), Mia Zhou (CFO), Margaret Wang (Sales Manager), Daniel Duplantier (Director of Operations)
Products 📟	Hospitality
Members
Number of employees
🌐 Website	https://apt212.com/
📇 Address
📞 telephone
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APT212 is a New York-based company, headquartered in SOHO, New York City. The company provides services to both New York landlords seeking to rent their homes short-term, legally, and for a minimum of 30 days, and guests looking for legal short-term accommodation.^[1]^[2] It is a marketplace for furnished apartments, sublets, and legal short-term rentals servicing apartments throughout Manhattan neighborhoods.^[3]^[4] APT212 has built proprietary software that enables renters and landlords to accept online bookings in real time. The company staff includes a team of multilingual, Manhattan-savvy housing experts that are available around the clock to help clients and landlords facilitate reservations.^[5]^[6]

History

The company was founded in 2012 as a traditional brokerage.^[7] Since then, it has transformed into a marketplace for legal short-term, furnished rentals—a unique yet indispensable corner of Manhattan real estate.^[8]

Funding

APT212 has raised a total of $1 million as a seed round in 2017.

Business Model

Home Owners

APT212 is an online marketplace that allows homeowners, landlords, and property managers to legally rent out their homes for a minimum of 30 days to vetted guests. It manages the whole process from showings, the application process, guest background checks, to vetting and guest check-in. APT212's in-house screening process ensures that guests have been vetted and are qualified. Homeowners can apply to join APT212’s online marketplace. Once approved, APT212 gathers all information about the home, enabling them to answer any guest queries and advertise their property correctly. The homes listed range from studios to townhouses and everything in between. Homeowners earn high income from a home which would otherwise sit empty or be rented for a lower price.

Guest Experience

Guests can find and book their legal furnished rental trusting the accurate data presented online, from accurate photos, 3D floor plans, videos, and a list of verified amenities. They can easily find lodging by using filters such as size, dates, location, and price. APT212 booking can be easily done online or with the help of dedicated and experienced rental agents that can guide guests throughout the entire rental process.^[6] Agents are available to give tours and answer any questions guests have prior to booking. All guests are welcomed on arrival, and the APT212 team is always on call 24/7 to help with anything.

Online Booking Platform

APT212 makes renting secure and hassle-free. Users are able to easily complete the whole rental process online. A streamlined process ensures a first-rate experience for both landlords and tenants.

Legal Platform

APT212 abides by the New York housing laws and never advertises, promotes, accommodates, or accepts rental terms of less than 30 days.

Competitive Advantage

Verified Landlords and Hosts

APT212 only works with verified landlords, hosts, and property managers who provide legal short-term housing and are vetted by the APT212 team.

Flexible Lease Terms

Rental terms are offered for a minimum of 30 days and up to 12 months.

Minimal Paperwork

Guests need to fill out a simple application form, submit a copy of their ID, and pass a background check. No credit and proof of income are required.

Accuracy

All listings include accurate photos, videos, floor plans, 3D tours, and a detailed description of the properties, as well as a neighborhood guide.

Move-in Ready Apartments

All the properties listed are fully furnished units at hotel standard and include fully equipped kitchens, bedding, and setups with Wi-Fi and cable TV.

Immediate Bookings

Guests can instantly submit a reservation request, receive paperwork, and finalize the booking process online.^[8]

References

[1] ttps://www.crunchbase.com/organization/apt212#section-overview

[2] ttps://www.businesswire.com/news/home/20180831005470/en

[3] ttps://adamparker.atavist.com/are-you-a-student-planning-to-make-it-big-in-nyc-look-for-comfortable-short-term-rental-apartments-easily-with-apt212

[4] ttps://venturebeat.com/2018/12/04/apt212s-online-booking-platform-makes-renting-legal-short-term-apartments-and-private-rooms-in-nyc-secure-and-hassle-free/

[5] ttps://finance.yahoo.com/news/apt212-online-booking-platform-makes-195400133.html

[:0-6] 6.0 ^6.1 https://www.marketwatch.com/press-release/apt212s-online-booking-platform-makes-renting-legal-short-term-apartments-and-private-rooms-in-nyc-secure-and-hassle-free-2018-08-31

[7] ttps://markets.businessinsider.com/news/stocks/apt212-offers-private-rooms-in-shared-apartments-for-students-interns-and-young-professionals-1027783925

[:1-8] 8.0 ^8.1 https://apt212.com/about

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