Coming to NYC in 2015: Micro-Apartments

by Nate Wooley | January 23, 2013 9:55 am

Coming to NYC in 2015: Micro-Apartments

micro apt 300x200 Coming to NYC in 2015: Micro Apartments[1]In an attempt to produce more apartments for smaller households, New York Mayor Michael Bloomberg announced the winner of a competition for designing micro-apartments.

The winning design was put together by a team of Monadnock Design, Actors Fund Housing Development and nArchitects, Bloomberg Businessweek reports[2]. The firms will combine to build 55 micro-apartments at 335 East 27 Street in Manhattan. The city is waiving zoning requirements that control the minimum square footage for new apartments.

These will vary between 250 and 370 square feet. Each will feature both a kitchen and a bathroom. While some might think that such small spaces are for the poor, only 22 of the apartments are earmarked for low-income tenants. The rest will be rented for the market rate. Monthly rents will be between $939 and $1,873, depending on the renter’s annual income.

New York City is not the only municipality experimenting with tiny dwellings. Both San Francisco and Boston both have made efforts at providing living spaces that are smaller in square footage and cost, as well.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/01/micro-apt.jpg
  2. Bloomberg Businessweek reports: http://www.businessweek.com/articles/2013-01-23/will-the-middle-class-want-micro-apartments
  3. NASA Working With Company on Inflatable Space Homes: http://investorplace.com/2013/01/nasa-working-with-company-on-inflatable-space-homes/
  4. Existing Home Sales Fall Unexpectedly: http://investorplace.com/2013/01/existing-home-sales-fall-unexpectedly/
  5. Lady Buys Million-Dollar Home Only to Find …: http://investorplace.com/2012/11/lady-buys-million-dollar-home-only-to-find/

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