If paying almost $1,000 per month (or more) to have 265 to 360 square feet to call your own sounds like a dream come true, then you’re like a lot of New Yorkers. In fact, so many New Yorkers loved this idea that 60,000 people applied for the 14 available below market price micro-units in Kips Bay’s Carmel Place.
These particular oversized walk-in closets have a lot going for them. There's a staggering amount of kitchen cabinets, nice new appliances and a built in retractable bed that turns into a sofa. And yes, Carmel Place is getting away with charging between $2,650 and $3,150 for micro apartments of the same size at fair market price.
With the success of this venture, Mayor de Blasio’s administration is considering lifting the current limits on the size of apartments. Since 1987, buildings have required a waiver to create units smaller than 400 square feet, but with the obvious demand of single people desperate to live in Manhattan without roommates the shift to micro apartments may be the answer.
H/T: New York Daily News