April 06, 2005 07:30 ET Can a Monkey Solve Manhattan's Apartment Shortage Problem?

New York, NY -- (MARKET WIRE) -- April 6, 2005 -- has officially launched, and is now open to the public. The web site, serving the greater metropolitan area, brings apartment seekers together with landlords, brokers and owners with the goal of making it easier to find a home in New York. is New York City's newest real estate site. With a citywide vacancy rate of only 2.94%, according to the 2004 Housing Supply Report, finding a home in New York City is more difficult than ever. By creating a community of buyers and sellers, the site is designed to make the process of finding a home less time-consuming and stressful. The site is being launched today by Mohotomo Corp. is designed for apartment seekers, by apartment seekers. Users can post apartments for rent or for sale, browse available apartments, learn about the real estate market, and much more. Some of the more exciting features of the site include:

--  Streamlined apartment searching based on location, pricing and
    personal preferences.
--  Search for a broker that meets your needs.
--  Integrated transit information gives you important details about what
    your new commute will be like.
--  Find the closest subway station to any apartment.
--  Search for a specific street. Love Broadway?  Find apartments there.
--  Read and write reviews about neighborhoods, brokers and apartments.
--  Browse open houses.
--  Post rental and sale listings in seconds.

The motivation to create the website came from a personal experience. Founder Cary Shapiro says, "When I was looking for a new apartment, I spent hours each day reading newspapers, searching the Internet and speaking with brokers. It was like having another job. I said to myself, there must be an easier way. is simple, democratic and helps people find their next home in minutes."

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