NY to get share of flexible rentals

Common, a New Yorkbased startup, is looking to shake up the Big Apple’s residential rental market.

The company will convert more than a dozen buildings in Brooklyn over the next year into sharedhousing units.

The idea is to provide flexible hous ing options for onthego millennials whose work and study situations are increasingly fluid and unpredictable.

A single furnished room in a Common suite that’s shared by five costs between $1,800 and $1,950 a month per person. Rooms are rented on a monthtomonth basis, and income requirements are less onerous than those for typical New York leases, says founder and Chief Exec Brad Hargreaves.

In July, Common raised $7.35 million to fuel its growth from Lowercase Capital, headed by tech tycoon Chris Sacca, among others. James Covert