Nov 24, 2015

NYC's First Micro-Unit | 335 East 27th Now Leasing


[Rendering of Carmel Place being assembled. Via Monadnock Development.]
Leasing began yesterday at Carmel Place (formerly My Micro NY) in Kips Bay. The building has 55 studios that rangefrom 260 to 360 square feet in size; 14 of the units were designated affordable and are being assigned by lottery and eight more will be given to formerly homeless veterans, but 12 of the market-rate listings will go on the market on Monday. Eight of those will be furnished.
Of those 12 units, the lowest priced unit measures 265 square feet and is on the third floor. It will list for $2,540. Furnished units will include a pull-down bed (aka Murphy bed), a sofa (that becomes part of the Murphy bed), plus cabinets and tables. The kitchenette has a two-burner stove, mini refrigerator, and a microwave instead of an oven.  A 355-square-foot furnished unit on the second floor will go for $2,910, but an unfurnished 360-square-foot unit on the same floor will go for $2,750.
There are 1.8 million one- and two-person households (more than 60 percent of New York City households) and only one million studios and one-bedrooms to meet this housing demand. 
According to the 2010 Census, the growth rates of the one- and two-person household populations exceed the growth rate of households with three or more people. adAPT NYC seeks to create additional choice within New York City’s housing market.
More than 30% of the world's population lives alone, and that percentage is growing daily.
Space saving furniture for small spaces.

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