Monadnock Development

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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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

Architecture, Gramercy Park, New Developments, Rentals

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

Just in time for Earth Day, New York’s first micro-unit apartment building, dubbed My Micro NY, is entering its final construction phase. When finished later this year, urbanites will have a chance to live within the center of the city in a brand new building flush with amenities, all for under $3,000. Developed by Monadnock Development and the NYC Department of Housing Preservation and Development, the soon-to-be-nine-story structure wrapped up foundation work this past winter, and a one-story steel platform is ready to receive 55 modular units.

The units are currently being built off-site at the Brooklyn Navy Yard by a team of 50 workers. In late May, the units will be shipped to the Gramercy Park lot at 335 East 27th Street where they will be stacked and bolted together along with stairs, an elevator, and other shared spaces.

More details ahead

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