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    Home » The Rise of Micro Apartments in NYC—Secure One for $1,110 a month
    Financial Wellness

    The Rise of Micro Apartments in NYC—Secure One for $1,110 a month

    DunniBy DunniJuly 17, 20245 Mins Read
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    Micro-apartments in Amsterdam
    Source: Werner Redlich/Pexels
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    Micro apartments are gaining popularity in NYC. With the city’s population ballooning daily, the scarcity of living space becomes a recurrent challenge. 

    V-log of a traveller
    Source: Cash Jordan/YouTube

    However, a TikTok user and real estate agent, @skye_nycrentals, has just unveiled a Manhattan apartment that is perfect for people looking to reside in the heart of NYC. 

    Real Estate Publicity On Social Media

    In a now-viral video on the social media platform, @skye_nycrentals took her followers on a tour of an East Village apartment building, and the house contains several units of micro apartments. 

    "Apodment" (micro-apartment) building at Capitol Hill
    Source: Joe Mabel/Wikimedia Commons

    The living space in one of the rental rooms was so much that the real estate agent could have conveniently crossed its length in a few steps. 

    Minimalist Facilities in a Tiny Apartment  

    For a monthly rent of $1,100, the tiny apartment occupant gets access to a microwave, mini fridge, sink, two windows, and a bed loft. No, it doesn’t come with bedding, nor is a stove part of the contract; instead, renters can move in with a hot plate. 

    Stylish, functional, and tiny
    Source: Rooky Yootz/Flickr

    In @skye_nycrentals’s video, the template apartment was largely empty except for the amenities included in the rent contract. 

    A Communal Configuration to Real Estate 

    If you’re wondering if the sink in the tiny apartment is for washing, no. The facility has a bathroom down the hall, which the renter shares with other occupants, and the company managing the property cleans it daily. 

    High-rise building with small apartments
    Source: pxHere

    Among New Yorkers familiar with the cost of rent in the Manhattan area, the quote for the tiny apartment is worth the bargain. According to zumper.com, apartments in Manhattan rent for an average of $3,395.

    ALSO READ: Here Are Useful Tips To Get Cheap Car Insurance This Year

    Pushback On the Meagre Amenities in the Micro Apartment  

    However, in the comment section of @skye_nycrentals’s video post, there were conflicting opinions and reactions to the plausibility of the $1,100 tiny apartments. 

    High-rise condo
    Source: К.Артём.1/Wikimedia Commons

     

    One user said they could not stand the idea of sharing a bathroom with multiple building occupants. Another sarcastically shared that the apartment should be rented for no more than $200, probably because of the minuscule living space. 

      The Reemergence of SRO Apartments

    Another TikTok user commented under @skye_nycrentals’s video, suggesting that the tiny apartment is just a glorified dorm for working adults. However, real estate developers and managers in New York are not the sole ones responsible for the resurgence of tiny apartments. 

    250 square feet, including the sleeping loft
    Source: Rooky Yootz/Flickr

    Though the concept of micro apartments in NYC gained popularity in 2016, it has existed in other forms as far back as the 1950s.

    The Realities Stoking the Popularity of Micro Apartments  

    Thanks to the ravaging housing crisis of 2016, 2016 became a pivotal period for the emergence of micro apartments. The introduction of 260-square-foot apartments on public real estate listings was a result. 

    The pool and exterior of an AIMCO apartment
    Source: Architecturist/Flickr

    However, single-room occupancy hotels (SROs) were the ‘in thing’ during the mid-20th century. However, over time, the morphing of housing policies has led to demolishing most structures sporting SROs in NYC. 

    Non-profit Advocacy for Low-budget Housing

    Interestingly, NYU’s Furman Center published a report in 2018 suggesting that NYC’s emerging micro apartments are “21st-century SROs.” 

    A model of a proposed micro-apartment building
    Source: Joe Wolf/Flickr

    Summarily, the report advocates for ease in legislation that discourages the construction of buildings with apartment units of less than 400 square feet. In addition, it suggests that even micro apartments are getting out of the reach of low-income earners. 

    Micro Apartments Not Better Than Studios in Affordability 

    Average studio apartments now rent for about $1,308 compared to the $1,100 of @skye_nycrentals’s micro apartments in Manhattan. So, anyone who can afford a micro-apartment in NYC may think it a better bargain to pay for a studio apartment instead. 

    The other side of micro-apartments
    Source: Romina Cornejo Escudero/Medium

    Unfortunately, the unaffordability of even micro-apartments has existed since its emergence around 2014.

    ALSO READ: Did You Know Your Old Pennies Could Be Worth Thousands of Dollars? 

    Low-Budget But Housing That’s Unaffordable

    After the commencement of Mayor de Blasio’s NYC tenure in 2014, the city collaborated with private developers to construct about 160,000 affordable housing units. 

    A home design with a tiny living space
    Source: Sk5893/Wikimedia Commons

    However, these small apartments reportedly still have a rent tag that is far out of the affordability range for low-income earners. In addition, there is a complex vetting process to get one of these NYC-sponsored units. 

    Homeless People Bare Their Minds  

    Roseanne Haggerty, the MacArthur-winning housing activist and founder of a non-profit called Common Ground, has taken to the streets with her team. 

    A living area
    Source: pxHere

    The team interviews homeless people to find out why they’ve not exploited the affordable housing units provided by municipalities. They then discovered why homelessness keeps thriving despite the housing initiatives and policies. 

    The YMCA Model of Public Housing to the Rescue    

    The Common Ground team interviewed some 100 homeless people on the streets of America. The team’s fear was confirmed as many respondents said they did not want the ‘affordable housing’ schemes.       

    Tumbleweed houses
    Source: Amber Case/Flickr

    Instead, these respondents suggested they wanted something tailored to the YMCA model: a housing scheme that provides a place to sleep for the night or a week for those who can afford it. 

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