Modern Spaces
Modern Spaces is a full-service real estate brokerage serving residential, commercial, and new development clients across New York, New Jersey, and South Florida through five office locations. Founded in 2008 by CEO Eric Benaim, the firm has managed over $10 billion in transactions with a 70% claimed market share in Long Island City.
- Company typePrivate
- Founded2008
- HeadquartersLong Island City, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
Modern Spaces firmographics
Firmographics- Name
- Modern Spaces
- Legal name
- Modern Spaces
- Website
- https://modernspacesnyc.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Modern Spaces is a full-service real estate brokerage serving residential, commercial, and new development clients across New York, New Jersey, and South Florida through five office locations. Founded in 2008 by CEO Eric Benaim, the firm has managed over $10 billion in transactions with a 70% claimed market share in Long Island City.
- Ownership category
- akta.pro rank
Where Modern Spaces is headquartered
LocationHeadquarters
- HQ city
- Long Island City
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Modern Spaces business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Real Estate Sales Commissions: Traditional real estate commission-based model where the company earns a percentage fee on property sales transactions. Commissions are typically split between buyer's and seller's agents.
- Rental Commissions: Commission-based revenue from rental transactions, including both residential and commercial property rentals.
- Development Marketing Services: New development marketing representation for property developers, including sales office operations and marketing campaigns for pre-construction and active developments.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Modern Spaces product offering
Product offeringCore offering
Modern Spaces is a full-service real estate brokerage that buys, sells, rents, and markets residential and commercial properties across New York, New Jersey, and South Florida. The firm also provides new development marketing representation for property developers, including sales office operations and pre-construction campaigns. Services are delivered through five physical offices, an online property search portal, and a home valuation tool, supported by a Luxury Presence website platform.
Product overview
Modern Spaces operates as a unified real estate brokerage platform offering property sales, rentals, commercial transactions, and new development marketing. The core service includes a property search portal with listings across Sales, Rentals, and Commercial categories, complemented by Home Valuation tools for instant property estimates and Market Reports for market intelligence. New Developments serves as a specialized division for marketing new construction projects. The company serves the New York, New Jersey, and South Florida markets through multiple physical office locations.
Differentiator
Problem solved
Functional benefit
Products and services
- Modern Spaces Full-Service Real Estate Brokerage Full-service real estate brokerage offering residential and commercial property sales, rentals, and transactions across New York, New Jersey, and South Florida markets. Delivered through five physical offices and an online property search portal.
Quantifiable outcome
- $10 billion+ in total transactions managed
- +3 more outcomes
Companies that use Modern Spaces
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Modern Spaces technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Modern Spaces partnerships and signals
Strategic signalScale indicators6 records
Recent moves5 records
Expansion highlights4 records
Modern Spaces competitors and assessment
Company assessmentDirect peers
- Compass: Tech-enabled national residential real estate brokerage with strong NYC presence. Directly competes for agents, listings, and developer mandates in the same metro markets Modern Spaces serves, while leveraging proprietary technology at much greater scale.
- Douglas Elliman: Large New York metro residential brokerage with extensive new development marketing practice. Directly comparable to Modern Spaces across residential sales, rentals, and developer representation in overlapping geographies.
- The Corcoran Group: Established NYC-focused residential brokerage competing for the same buyer/seller pool, agent talent, and new development assignments as Modern Spaces across Manhattan, Brooklyn, and Queens.
- Brown Harris Stevens: Luxury-leaning NYC residential brokerage with strong new development marketing division. Comparable to Modern Spaces on residential sales and developer representation, particularly in Manhattan and select Brooklyn submarkets.
- SERHANT. NYC-based, media-forward residential brokerage with heavy emphasis on social media-driven marketing and new development sales. Closely comparable go-to-market approach to Modern Spaces' community/social-led model.
- Sotheby's International Realty: Global luxury real estate brand with significant NYC and South Florida presence. Competes with Modern Spaces for premium listings, new development mandates, and cross-market buyers in Miami.
Broad incumbents
- Keller Williams Realty: Largest real estate franchise network by agent count in the US, with significant NYC and South Florida presence. Competes broadly for agent recruitment and buyer/seller leads, though franchise model differs from Modern Spaces' independent brokerage structure.
- RE/MAX: Globally recognized franchised real estate brand with strong presence across the US, including NY, NJ, and FL. Competes for residential listings and agent talent in Modern Spaces' core geographies, though at a less localized brand level.
- Coldwell Banker: National franchised real estate brokerage with established NYC and New Jersey operations. Comparable on residential brokerage and rentals, though operating through a franchise model versus Modern Spaces' independent community-led brand.
Regional players
- Halstead Real Estate (Compass): Historically independent NYC residential brokerage now operating under Compass, with deep presence in Manhattan, Brooklyn, and the tri-state area. Comparable in transaction focus and customer base to Modern Spaces, particularly in NYC metro submarkets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Modern Spaces social profiles
Digital presenceModern Spaces financial estimates
Financial estimateRevenue estimate
Valuation estimate
Modern Spaces leadership team
Management profileNumber of profiles
Profiles1 record
Modern Spaces funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Modern Spaces M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Modern Spaces
What does Modern Spaces do?
Modern Spaces is a full-service real estate brokerage that buys, sells, rents, and markets residential and commercial properties across New York, New Jersey, and South Florida. The firm also provides new development marketing representation for property developers, including sales office operations and pre-construction campaigns. Services are delivered through five physical offices, an online property search portal, and a home valuation tool, supported by a Luxury Presence website platform.
Is Modern Spaces a public or private company?
Modern Spaces is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Modern Spaces founded?
Modern Spaces was founded in 2008. It employs 101 to 250 people.
Where is Modern Spaces based?
Modern Spaces is headquartered in Long Island City, United States, in the North America region.
How does Modern Spaces make money?
Three revenue lines are on record. Real Estate Sales Commissions are the primary driver. The others are rental Commissions and development Marketing Services.
Who are Modern Spaces's main competitors?
Direct peers on record are Compass, Douglas Elliman, The Corcoran Group, Brown Harris Stevens, SERHANT. and Sotheby's International Realty. Broad incumbents are Keller Williams Realty, RE/MAX and Coldwell Banker. Halstead Real Estate (Compass) is listed as a regional player.
Does Modern Spaces have an API?
No public API is recorded for Modern Spaces.