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The sizes of these apartments are getting ridiculous. The kitchen is a box, two rooms with only 1 closet. Rooms are very small. It’s really disappointing when you get called for a lottery and you see something so small. It’s very unfortunate. $2000 for a very small apartment with “amenities”. Good luck to everyone in the process or applying.
I agree with you. It's not exactly a new concept, but it seems to be getting worse. I think in the case of glitzy high-rises with amenities like a roof deck barbecue, a library, a health club, and a lounge, the idea is that residents will not be spending much time in their apartments anyway. But that's not my lifestyle, especially during a pandemic.
Also, for people in the 40%, 60%, or 80% brackets, getting an apartment in these buildings is a blessing. So the size of the apartment might be secondary. But not for people paying rents that are close to market rate.
Market's been pushing this on everyone. I saw the market-rate apartment directly above mine before it was occupied and it was essentially the same size, maybe slightly larger. A lot of these places are aiming at affluent singletons and assume that you'll be out working or clubbing most of the time, so will accept a smaller apartment (=more revenue for developers).
I'm in the 130% AMI now and I can't fathom paying $2200 or $2400/month for a 9'x10' shoebox bedroom in these new "luxury" developments, especially since I couldn't care less about the gyms and pottery rooms and avocado studios or whatever. I'm in a pre-war in Queens now and pay $1995 for what I consider to be a small but adequate bedroom at 10'x11'. I get tons of emails to submit documents for lotteries, but I haven't yet been contacted for a place with the right mix of size, commute, and price. I would be willing to pay more for a private balcony and a W/D in my unit, but I haven't seen that yet.
I was willing to take just about ANYTHING of any size in Penn South just to get in, but alas, I didn't make it onto that list.
I didn't make it onto Penn South's list either, after trying in 2014 and 2019. I hope to try again in 2024!!
I would never have known about it had it not been for one of my colleagues who has been a resident in PS for 10 years. She sent out an office-wide email letting us know that they were opening up a lottery this last time, and I wrote her back "Is this for real? It sounds too good go be true." That was my introduction to the harsh mistress that is the random lottery system.
Here's to 2024, which doesn't seem all that far away!
”I get tons of emails to submit documents for lotteries, but I haven't yet been contacted for a place with the right mix of size, commute, and price.”
Took me literally three-plus years to find one that made sense when weighing the rent against what was being offered. Mostly the rent was just too high to justify.
We'd all like to get into Penn South, I guess!
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