New York Real Estate: First Micro-Unit Building Will Welcome Residents in June

Posted by Staff Reporter ( on May 09, 2016 10:24 PM EDT
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Report Shows Affordable Housing Incentive In New York City Not Workingmore big
Caption:NEW YORK, NY - AUGUST 16: Taylor Jones, a museum intern, shows a 325-square-foot apartment at the Museum of the City of New York on August 16, 2013 in New York City. The exhibit, called 'Making Room', was inspired by a contest to design micro-apartments to help ease the affordable housing shortage. Two interns a night get an opportunity to stay in the apartment, designed by Resource Furniture and located inside the museum and then show it to visitors the next day. A new report by the office of Brooklyn Democrat and housing expert Brad Lander, a City Councilman, found that less than 2 percent of all apartments developed in the city since 2005 were deemed affordable housing. New York City Mayor Michael Bloomberg launched 'Inclusionary Housing Program' eight years ago in an attempt to get developers to to build larger and taller as long as they also set aside a portion of their apartments for low- to middle-income tenants. (Photo : Spencer Platt/Getty Images)

People who have reserved units in the Carmel Place can now move to their new micro home starting June 1. According to New York Curbed, Monadnock and Citi Habitats, which is the broker working on the building; the units will finally be available to live in after three years of waiting.  It was said that the micro-building is made up of studio apartments and there are only a total of 55 units. The size of the apartments range from 265 to 360 square feet and the rents start at $2,700.

In an earlier feature on the project, it was said that although the space of the unit might seem small, the apartment seems much larger because of the clever staging and the use of the right furniture to fit the space. The living room can transform into a bedroom with just the pull of a lever. According to the project developer, the space does not function as just one room but it also functions as a multitude of rooms.

One of the things that make the space seem big is the amount of vertical space as it features nine-foot ceilings. It is also equipped with large floor-to-ceiling windows and a sliding door that leads to a Juliet balcony. There are a total of 17 furnished units which are usually smaller and the typical furniture may not actually fit in it. There are also 15 larger but unfurnished units available in the building. There are also eight units that are set aside for homeless veterans which come with Ollie system and furniture which are also offered to the market rate units.

Some of the transformative furniture included in the units is the desk which unfolds into a table that can accommodate up to four people and sleek folding chairs that are stacked in the hall closet. There is also a couch which transforms into a queen sized bed. 

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