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Post Reply 265-360 sq feet - $2,650-$3,150 a month.
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Posted 5/28/16 , edited 5/28/16

Nearly three years after winning a competition to design a residential building with units smaller than 400 square feet, Carmel Place is on the verge of completion.

Located in Manhattan's Kips Bay neighborhood, the building is the first micro-apartment development in New York City. Its 55 units range between 265 and 360 square feet, and market-rate units cost between $2,650 and $3,150 a month.

Since 1987, New York has required units to be 400 square feet or larger, but the city made an exception for this project — which was pitched as a solution to the lack of affordable living options for singles who want to live in Manhattan by themselves.

Tobias Oriwol, project developer for Monadnock Development, told INSIDER that the units are specifically designed to make the most out of their limited square footage.

"People really don't care too much about the size as long as the apartment does what they want it to do," he said. "This small apartment, even though it's smaller in size than the average studio in the city right now, really functions much larger than all those other small apartments."

The ceilings are nine-feet, six-inches tall and the units have double windows with Juliet balconies, giving the space an airy feel. In addition, the bed folds out of a wall, the closet extends into the apartment, and a tiny desk converts into a 10-person dining table.

"This is 302 square feet, and it's 302 usable square feet," Oriwol said.

There are both furnished and unfurnished units in the building, and Wi-Fi and cable are included in the rent. A 302-square-foot unit will rent for $2,750 when the building is completed in February of 2016.

The building started leasing its market-rate units at the end of November. Its 14 affordable housing units — which are reserved for tenants with income limitations — rent for around $950. Sixty thousand people applied to live in those units, Oriwol said.

Story by Tony Manfred and video by Adam Banicki

http://www.businessinsider.com/nyc-micro-apartment-2015-12

https://www.youtube.com/watch?v=G9yvOTyMZyo

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Posted 5/28/16
http://www.jebiga.com/hong-kong-micro-apartment-gary-chang/




I can deal with that! I've lived in a 290 sqft apt. before!!
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Posted 5/28/16 , edited 5/28/16

1stladyent wrote:

http://www.jebiga.com/hong-kong-micro-apartment-gary-chang/




I can deal with that! I've lived in a 290 sqft apt. before!!

That actually looks a lot better than the ones I've posted. NYC is insane for cost of living, you can get a really nice house for the price of these micro apartments.
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Posted 5/28/16
I actually want to do something similar. I want to take those small, prebuilt, two story sheds and make little loft efficiency cabins with them. The plan is to have about six, then have a washer room in the middle. The problem is start up money.

Also, where I live, I could rent them for about $450 per month...if that.
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Posted 5/28/16

VividDreamZ wrote:


1stladyent wrote:

http://www.jebiga.com/hong-kong-micro-apartment-gary-chang/




I can deal with that! I've lived in a 290 sqft apt. before!!

That actually looks a lot better than the ones I've posted. NYC is insane for cost of living, you can get a really nice house for the price of these micro apartments.


Agreed! I've had friends always saying "You gotta be rich to be poor in NYC"
You can get a really nice house in the suburbs for the rent paid in NYC. I'd like to be able to enjoy where I live lol and not slave away for rent.
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Posted 5/28/16
Love the concept but not the rental cost. But it is in Manhattan, so maybe that is a bargain?
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Posted 5/29/16
You can buy a mansion with that in the Midwest. Probably have butlers too.
Posted 5/29/16
An unregulated market is free to be monopolized. I would weep did I not find the predicament warranted.
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Posted 5/29/16

Rujikin wrote:

You can buy a mansion with that in the Midwest. Probably have butlers too.


I can't image you with butlers? Combatants - yes. Where abouts in the mid-west are we talking?
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Posted 5/29/16

Rujikin wrote:

You can buy a mansion with that in the Midwest. Probably have butlers too.


In the southwest as well!
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25 / M / USA
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Posted 5/29/16
Holy crap that price!

It looks cool, but I'd only be willing to cough up MAYBE $1,200 for it a month. Also the dining room table that pulls out to seat 10... Where would you store the extra chairs?
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23 / M / UK
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Posted 5/29/16
New York housing in several decades:



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Posted 5/29/16

Voc666IV wrote:

New York housing in several decades:



what makes you think this is not occurring here right now?
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Posted 5/29/16

FlyinDumpling wrote:


Voc666IV wrote:

New York housing in several decades:



what makes you think this is not occurring here right now?


I know it’s already happening in the west; however, over here they tend to put more effort into making your cage look shiny and less depressing.
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Posted 5/29/16

Voc666IV wrote:

I know it’s already happening in the west; however, over here they tend to put more effort into making your cage look shiny and less depressing.
I suppose you are right, I heard things look like castles in the uk

As someone from nyc, I can guarantee you that there are conditions that look exactly like that in the picture. Hong kong housing prices are one of the most expensive, probably more so than nyc. so I wouldn't be surprised if some people have to resort to these living conditions.
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