People turn to micro-apartments because of their affordability in a city where rent cost has no cap. With that said, New York finally has the first official micro-apartment development in Kips Bay that’s been all the rage since it first open.
Carmel Place was the first legal micro-apartments to be built in NYC. Technically, any apartment under 400 square-feet cannot be rented out, yet these apartments range from 260 to 360 square-feet. To allow this, the city sponsored the project in order to work closely with its development.
The beautifully crafted units at 335 East 27th Street were designed by nArchitects, who actually won a design award earlier this year for the project from the American Institute of Architects. The apartments were stacked up to create this 9-story modular building. The interior definitely gives off the illusion that the space is much larger than it really it is.
Take a look:
The couch transforms into a bed when you pull down the wall behind it…clever.
However, are these new apartments truly worth the cost?
Of the 55 units, 22 are zoned for affordable housing with prices ranging from $950 to $1,500 while the rest begin at $2,650 (for a 260-square-foot studio).
According to a report by 6sqft, that price isn’t exactly a deal in comparison to other studios in the Kips Bay area. Carmel Place units do come fully furnished and the building has plenty of useful amenities like laundry and a fitness center. But does that justify the price tag for such a small space? That’s your call.
Featured image source: nArchitects