Here’s an interesting update on the micro apartments we talked about in a previous post: leasing has begun at New York City’s first micro-unit development, a nine-story building on East 27th street with 55 studio apartments ranging from 260 to 360 square feet. Fourteen of the units are designated as “affordable”, meaning they will rent for about $950 a month – 60,000 people have applied for those 14 apartments. (Check out this article in The New York Times.)
The idea behind these micro apartments is to provide an option for the many single people Continue reading