carmel place

Gramercy Park, New Developments, Video

Just yesterday, 6sqft took a look at the available market-rate units at Carmel Place, the city’s first micro-housing development. If you’re debating submitting an application for one of these apartments–which at less than half the size of traditional studios are still asking from $2,570 to $3,200 per month–this video from the Times may help firm your decision. In it, reporter Penelope Green spends a night in a 302-square-foot unit that rents for $2,670 a month and features the building’s host of space-saving furniture like a sofa-wall bed combo (which, though surprisingly comfortable, will give you your daily upper body workout) and a 17-inch deep desk that extends to a 10-person dining table.

Watch the full video here

Apartment Deals, Architecture, Gramercy Park, New Developments, Rentals

Monadnock, Carmel Place, Kips Bay Apartments, narchitects

For you minimalist gurus who also relish on-site amenities, there is a now a building for you. Earlier this spring, leasing kicked off for the city’s first micro-housing development, Carmel Place (formerly known as My Micro NY) at 335 East 27th Street. Developed by Monadnock Development and designed by nARCHITECTS, the newly finished no-fee building is a prototype meant to test compact and efficient living arrangements within the city’s tight housing market, as well as accommodate the city’s growing population of one- and two-person households.

Thee leasing team led by Citi-Habitats is offering one month free on all 12- and 24-month leases. According to CityRealty, there are seven micro-studios available ranging from 265 to 360 square feet. Though the units are nearly half the size of typical studio apartments, monthly rents are not analogously micro with current asking prices ranging from $2,570 to $2,920 per month. That’s an average of $110 per square foot, significantly more than $83 per square foot median studio price in Murray Hill and $60 per square foot in Gramercy.

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affordable housing, Architecture, real estate trends, Rentals, Turtle Bay, Urban Design

Why Micro-Apartments in Carmel Place Are So Expensive

By Michelle Cohen, Fri, March 4, 2016

my micro nyc apartments interior

We’ve been hearing a lot recently about the city’s new micro-apartments. As 6sqft has reported, NYC’s first micro-apartment complex Carmel Place (formerly My Micro NY) at 335 East 27th Street began leasing at the end of last year. The nine-story modular development in Kips Bay has 55 studios that are 260 to 360 square feet. Of these, 22 are affordable and they’ll go from $950 to $1,500 a month.

Market-rate units on the other end range from $2,540 to $2,910. According to CityRealty, the average rental price per square foot for New York City apartments overall is $51, while Carmel Place units ring in at $98 per square foot. The idea of micro-housing was presented, in part, to address the need for more affordable apartments. So why is it that the result is what a recent New Yorker article calls “micro-luxury” housing?

Small Is Beautiful–but Not Affordable

infographic, real estate trends

NYCHPD, Monadnock, My Micro NY, Micro-Apartments, Earth Day, nArchitects, modular construction

Just before the new year, listings went live for NYC’s first micro apartment complex Carmel Place (aka My Micro NY aka 335 East 27th Street) in anticipation of its opening in March. The nine-story modular development in Kips Bay has 55 studios that are 260 to 360 square feet. Of these, 22 are affordable (more than 60,000 people applied for them), and they’ll go from $950 to $1,500 a month depending on size and income.

The remaining market-rate units will range from $2,500 to $2,900 per month, which has left many skeptics questioning why anyone would fork over nearly three grand for a space that is far smaller than conventional studios. To put this argument into an actual visualization, the data gurus over at NeighborhoodX created a simple, yet informative graph that compares the rental price per square foot at Carmel Place with that of regular studios across the city (h/t Curbed).

More here

Architecture, City Living

Carmel Place, Monadnock Development, 335 East 27th Street, nARCHITECTS, My Micro NY,

New rendering of Carmel Place interiors, via Monadnock Development/nARCHITECTS

An apple a day may keep the doctor away, but living in a micro apartment may drive you to seek professional psychological help. A recent article in The Atlantic takes a look at the tiny living trend that has taken the nation—and in particular New York, with developments like My Micro NY and teeny renovations like this one—by storm, and finds that squeezing into an extra-small space could lead to health risks.

“Sure, these micro-apartments may be fantastic for young professionals in their 20’s,” says Dak Kopec, director of design for human health at Boston Architectural College and author of Environmental Psychology for Design, to the magazine. “But they definitely can be unhealthy for older people, say in their 30’s and 40’s, who face different stress factors that can make tight living conditions a problem.”

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affordable housing, Gramercy Park, New Developments, Rentals

My Micro NYC, nArchitects

Carmel Place (formerly known as My Micro NY), the city’s much-talked-about first micro apartment complex, began accepting applications for its affordable studios back in September (since then, 60,000 people have applied). And now, a press release from developer Monadnock has announced that listings for 12 of the market-rate units will go live today in anticipation of the February opening date. Along with the launch comes news of Ollie, “an innovative housing model that delivers an all-inclusive living experience.”

The nine-story modular development will have 55 studios ranging from 260 to 360 square feet, 22 of which will be affordable (of these, 8 will be set aside for formerly homeless veterans) and go for between $950 and $1,500 a month depending on family size and income. The remaining 33 will see prices ranging from $2,540 for a 265-square-foot, furnished, third-floor unit to $2,910 for a 335-square-foot, furnished, second-floor unit.

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Architecture, Gramercy Park, New Developments, Rentals

335 East 27th Street, carmel place, Monadnock Development, My Micro NYC, nARCHITECTS

Moving day inches closer for those looking to claim a module in the city’s first micro apartment complex. As of this week, My Micro NY is fully stacked, rising 120 feet from its site at 335 East 27th Street at the border of Gramercy in Kips Bay. The project, also known as Carmel Place, is the product of a city-sponsored design competition launched by former mayor Michael Bloomberg in 2012 as a way to test out if micro dwellings could be an answer to the city’s housing shortage, and in turn give enough reason for adjusting NY’s dated building codes to allow for smaller units better suited for today’s shrinking households. As it stands, the legal minimum is 400 square feet, while My Micro NY’s apartments measure a mere 260 to 360 square feet.

More images of the construction

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