ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

New York's Smallest Apartment Draws Attention Online With $1,200 Rent, No Bathroom, No Kitchen

With renting prices on the rise, people are questioning the current market trends.
PUBLISHED FEB 27, 2024
Cover Image Source: Photo by Roberto Vivancos | Pexels
Cover Image Source: Photo by Roberto Vivancos | Pexels

The smallest apartment in New York, which lacks a bathroom and a kitchen, is gaining traction online. Omer Labock, a real estate agent who works for Douglas Elliman, posted the video of the apartment on Instagram, showing viewers around the modest space that rents for $1,200 per month. Located in Midtown Manhattan, Labock refers to it as "the tiniest [apartment] in Manhattan."


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Omer Labock (@realtoromer)


 

In the footage, the real estate agent opens the door to reveal a compact room sparsely furnished, save for a basic Ikea-style wardrobe. With just a solitary window offering a view of the fire escape and neighboring buildings, the space looked cramped. Furthermore, the apartment lacked essential amenities, such as a bathroom or kitchen.

"I'm not very big, but I can almost touch both sides in here. This has got to be the absolute smallest apartment in Manhattan, and it costs $1,200 a month," Labock explains. "Now, you're probably wondering where the bathroom is. Well, you have to step out of the apartment and go into this shared area."

He then leads the way down a hallway, passing another apartment, until he shows the shared bathroom. "It's basic, with a sink, toilet, and shower," he added.



 

While many users expressed outrage over the tiny apartment, it serves as proof of the tough rental market affecting millions of Americans. In the caption, Labock wrote, "Would you live here?" People on the internet quickly shared their thoughts. One person asked, "How is this even allowed?" Another said, "I'd rather live in my car and use a gym bathroom."

Someone else expressed, "If there's no bathroom, it's not really an apartment. It's just a room in a boarding house. This shouldn't be called an apartment. Landlords shouldn't be able to charge apartment prices for rooms like this."

"This would be called a storage unit where I'm from, and it would cost $80 a month," remarked another user. "For $1,290 a month, I have a three-bedroom, two-and-a-half-bathroom house—not just an apartment, but a whole house. I even have a garage. Come to beautiful Las Vegas, Nevada! Get out of there. This is outrageous," commented a different user.

Image Source: Photo by Melike  Benli | Pexels
Image Source: Photo by Melike Benli | Pexels

In New York City, the average price for a studio apartment is approximately $3,041, according to Zillow. For those wanting to live solo in the city, the additional annual expense could reach up to $20,100. While some may perceive the 115-square-foot unit as too compact and too costly, there are residents in the city who have successfully navigated similar rental arrangements.

In September, for instance, a couple from the East Village disclosed that they were residing in a micro-studio apartment measuring just 100 square feet. Despite its diminutive size, they managed to divide the $1,300 rent between them.

Photo by Ivan Samkov: https://www.pexels.com/photo/red-and-white-signage-near-the-wooden-house-8962344/
Image Source: Photo by Ivan Samkov | Pexels

Affordable rental options are becoming increasingly scarce across the United States, with the landscape of the rental market undergoing significant changes over the past decade. One of the primary factors driving this shift is inflation, which has steadily eroded the purchasing power of the dollar, making it more challenging for individuals to find rental properties within their budget constraints.

MORE ON MARKET REALIST
She had won more than $30,000 leading up to the Bonus Round, which was a great feat.
1 day ago
The bird's stock in the US is the lowest of the last 40 years thanks to a deadly avian flu.
1 day ago
The company claimed that there were concerns about physical safety with the bottles.
1 day ago
Currently, arguments about the legality of the President's tariffs are being made and heard.
1 day ago
She composed herself just well enough to be able to thank host Drew Carey after her big win.
1 day ago
The contestant was flexing his muscles and the host might have taken offence at that.
1 day ago
A lot of people would have wanted to swat the creature had it sat on their bodies out of fear.
1 day ago
The 1979 contestant had won a car during her time on the show, but her student failed to do so.
1 day ago
The company has issued an apology in a statement for the inconvenience caused.
2 days ago
Michael Burry made a return to X with a cryptic message warning against the 'AI Bubble'.
2 days ago
The host had no idea what the contestant was saying until he cleared it up.
2 days ago
Ryan Seacrest was surprised that the contestant was able to get it right so quick.
2 days ago
The creator claimed that it was all part of a bigger business model that got the bigger brands paid.
3 days ago
The group received massive backlash on social media from the show's fans for their trouble.
3 days ago
The two had become close friends during their time on the show, which saw Jennings become a legend.
3 days ago
The contestant had seemingly broken a few things that belonged to her father in her younger days.
3 days ago
At a price of just $4.99, the rotisserie chicken is one of the most popular Costco items.
4 days ago
The audience member let out a large cheer when a contestant said what an ex could teach a wife.
4 days ago
McMillon did not say that there were going to be layoffs, but that has been the theme at other places.
4 days ago
Most shoppers are aware of Costco's warehouse stores but that's not all they have.
5 days ago