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Hm ok I might take back what I said a little bit- I just looked into it further. Sq footage will range from 250-400 sq feet (i'm still ok with that, though 250 is pushing it a little).
And from another article:
Twenty-two of the 55 units will be “affordable” for low- and middle-income households. That is, they will be earmarked for those with an annual income of up to $48,100, and for those earning up to $93,310. Monthly rent on the low-income apartments will initially be set at $939, while the middle-income units will go for $1,873. “The developer purchased the site from the city at a reduced cost so that they can provide the affordable units,” city spokesperson Julie Wood said in an e-mail.
I do really like that their low-income range is up to $48K for the $939 apartments- like I said before that will really help the young professional crowd. But I wouldn't pay the $1873 for the middle income range (up to the $93k). And they are planning on making 33 of the apartments market rate? Wtf is market rate for that? Will the Middle Class Want Micro-Apartments? - Businessweek
Hm ok I might take back what I said a little bit- I just looked into it further. Sq footage will range from 250-400 sq feet (i'm still ok with that, though 250 is pushing it a little).
And from another article:
Twenty-two of the 55 units will be “affordable” for low- and middle-income households. That is, they will be earmarked for those with an annual income of up to $48,100, and for those earning up to $93,310. Monthly rent on the low-income apartments will initially be set at $939, while the middle-income units will go for $1,873. “The developer purchased the site from the city at a reduced cost so that they can provide the affordable units,” city spokesperson Julie Wood said in an e-mail.
I do really like that their low-income range is up to $48K for the $939 apartments- like I said before that will really help the young professional crowd. But I wouldn't pay the $1873 for the middle income range (up to the $93k). And they are planning on making 33 of the apartments market rate? Wtf is market rate for that? Will the Middle Class Want Micro-Apartments? - Businessweek
250-370 sq ft, not 400. And a few of them are $940/month. So it's not "a building full of $940/month for 400 sq ft apts" like some are saying here. I love how people try and spout that stuff on this forum...
It's less than 400 sq ft units, but that is irrelevant really. The point is these apartments emphasize space saving techniques and will fit the vast majority of singles and couples just fine.
BTW, the prices reflect the neighborhood. You won't find another modern construction with a gym and social areas for those prices anywhere in that neighborhood.
How is a person supposed to entertain guest or even host a sworie?
Haha, don't worry, of course they though about the soirees. I think the renderings have a folding table that you can use for entertaining...along with your folding counters. After you are done, you can unfold your bed from your bookshelf. Perfecto! I don't see a roofdeck though?? Like where is that?
Personally, I don't care either way about this. I prefer older buildings, and the modular building thing really creeps me out. My hope is that they build more of these for all the transplants so they can stop pushing out into the last remaining livable places in the outer boroughs.
I lived in a tenement apartment that was around 325 sq. ft. and it wasn't that bad. I didn't have a dining table but who cares? I hate cooking and eat in front of my TV anyway. That was meant as a temporary solution though and it worked great while it was. It's most definitely not enough space to live in in the long term. Not being able to get the furniture you want, buy anything without thinking where you are going to put it, decorate, etc. gets old really fast.
It's less than 400 sq ft units, but that is irrelevant really. The point is these apartments emphasize space saving techniques and will fit the vast majority of singles and couples just fine.
BTW, the prices reflect the neighborhood. You won't find another modern construction with a gym and social areas for those prices anywhere in that neighborhood.
I hope for most this is not a longterm option. The size is not bad for a single person or couple. It is in fact more bigger than rooms we slept in as kids growing up in NYC. I hope these apartments are priced just right. Good credit score, clean criminal records background can only apply!
I hope for most this is not a longterm option. The size is not bad for a single person or couple. It is in fact more bigger than rooms we slept in as kids growing up in NYC. I hope these apartments are priced just right. Good credit score, clean criminal records background can only apply!
Check out the "Curbed NY" link I provided. They have renderings of the actual top 5 contenders. You be the judge on the layouts.
It's true you can't throw a massive party, but a small pregame get together is fine. Then you can hit the bars on East 34th Street. Maybe host parties in the big entertainment rooms (the way Williamsburg rooftops bump in the summer).
Hm ok I might take back what I said a little bit- I just looked into it further. Sq footage will range from 250-400 sq feet (i'm still ok with that, though 250 is pushing it a little).
And from another article:
Twenty-two of the 55 units will be “affordable” for low- and middle-income households. That is, they will be earmarked for those with an annual income of up to $48,100, and for those earning up to $93,310. Monthly rent on the low-income apartments will initially be set at $939, while the middle-income units will go for $1,873. “The developer purchased the site from the city at a reduced cost so that they can provide the affordable units,” city spokesperson Julie Wood said in an e-mail.
I do really like that their low-income range is up to $48K for the $939 apartments- like I said before that will really help the young professional crowd. But I wouldn't pay the $1873 for the middle income range (up to the $93k). And they are planning on making 33 of the apartments market rate? Wtf is market rate for that? Will the Middle Class Want Micro-Apartments? - Businessweek
The size is really nothing new, and people are already paying that much and more for comparable apartments. There are plenty of apartments in trendy downtown neighborhoods where apartments that are less than 400 sq. feet go for well over $2,000.
Did anyone else notice the single, tiny closet? How could a couple with professional wardrobes live in a unit that could scarcely hang their winter coats? I guess clothing rails lining the hallway outside the bathroom are in order; or do these units come equipped with a uniform that all residents must wear? There is not enough hanging space in that unit for my needs, at all, much less the prospect of having to have that amount of space for two. Can you rent an additional unit to use as a closet/living room, but then we'd be over market for a larger apartment in the same area.
The other issue is that everything is a custom component, meaning you cannot merely head over to Gracious Home, Ikea, a furniture store, etc. to replace a broken dining chair, or a sofa that has a stubborn red wine stain. Rather, you must deal with a sole supplier, or have something fabricated as a replacement, which is likely not going to be as inexpensive, or offer the level of choice that one has on the open market.
This is basically a hotel room masquerading as an apartment, though I daresay most hotels in which I stay actually have larger closets and sleeping areas, many with dedicated seating areas or adjacent sitting rooms, such that you don't have to fold up the bed to sit down.
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All the world's a stage, and all the men and women merely players: they have their exits and their entrances; and one man in his time plays many parts, his acts being seven ages.
~William Shakespeare (As You Like It Act II, Scene VII)
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