It’s no secret that New York City has one of the most competitive real estate markets in the world. The inventory is limited and the demand is high. This results in constantly rising prices and outrageous rental rates. The numbers are shocking when you break it down to cost per square foot.
According to Realtor.comThe median listing price for NYC homes in 2021 was $1.3 Million, and the median square footage price was $1,500.
When it comes down to rentals RentCafeThe average rent for a Manhattan apartment was $4,072 per monthly with an average apartment size measuring 702 square feet. However, they noted that “the cost of rent varies depending on several factors, including location, size, and quality.”
The Smallest Apartment in NYC
The Big Apple’s high rental rates led to Mayor Bill de Blasio introducing a plan to use rezoning to create thousands more apartments that can be rented at a fraction of the market price.
This resulted is a boom in micro-apartments. They are tiny spaces less than 350 square foot. Micro-apartments can be used by a single person who is rarely at home.
According to YouTuber Erik ConoverThe smallest apartment in NYC is a 60-square-foot micro-apartment, which rents for $1100 per monthly. It’s located in St. Mark’s Place, a “fun neighborhood” near New York University.
Take a tour
The micro-apartment can be found in a lovely building with an impressive entrance. Conover found the unit by climbing up a flight of stairs and entered it with Cash Jordan, a rental agent and YouTuber.
A mirror, a sink, a mini-fridge and corner shelf were all found near the door. A flat-screen TV was suspended above all of these items. On the opposite side of the front doors was a small closet and two shelves.
“This can’t be legal,” Conover said as he entered.
Once he passed the sink, fridge, and microwave–which takes up half the apartment–there is a ladder going up to a twin-size loft bed. The loft bed is simply a bunk bed with no bottom bunk. It is located against the wall opposite the front door. The area underneath the bed is the apartment’s “living space.”
The micro-apartment had two fluorescent lights, a window that overlooked an alley and a few wall outlets. The hallway houses the bathroom which is shared by other renters.
For those who have always dreamed of living in the big city, micro-apartments are an affordable–and slightly claustrophobic–option. “If you’re looking to move to the city, it’s definitely possible–don’t say the rent is too high,” said Conover.
Holiday Shopping
Forget Video Games And Dolls–These Interactive Projects For Kids Is The Best Gift For Any Child On Your List
I’m Giving Everyone On My Holiday Shopping List This Genius Tinted Powder Sunscreen-Here’s Why
These Highly Rated Hair Care Products Make Great Gifts for Salon Quality Hair at Home
Get Unlimited 5G Service Starting at $25/Month in the Holiday Season. Plus, other amazing deals
This innovative line of clean, fruit-pigmented makeup makes the perfect stocking stuffer
This Relaxing Mini Massage Gun Makes The Perfect Gift For Anyone On Your List-Here’s Why
Luxuriously soft PJs, Towels and Sheets are the ultimate comfort gifts
The Best Indulgent Spa Products to Pamper Your Loved During the Holiday Season
The Best Gifts for the Person Who Has It All (And Says They Want None)
These Gift Baskets are the Perfect Choice for Everyone on Your Holiday Shopping List
