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
Even the host, Ryan Seacrest admitted that the contestant needed more help to solve the puzzle.
11 hours ago
Steve Harvey is known for his wit and comic timing, but he was caught off guard.
13 hours ago
"Don't get me wrong, I'm human. Naturally, the thought crosses your mind," she said.
2 days ago
The Family Feud host doesn't easily get flustered but it seems like he can't handle flirty responses.
3 days ago
Cars are popular as prizes on several gameshows although contestants don't necessarily drive away in them.
3 days ago
There are multiple theories about cash randomly tucked under wipers, but they are all based on assumptions.
4 days ago
The entrepreneur's business model didn't tempt sharks as much as her oatmeal toppings.
4 days ago
The guest found weird notes on the fridge, TV, washing machine and other spaces in the house.
4 days ago
Ever since he got his six-figure deal on "Shark Tank", there has been no turning back.
5 days ago
While the man was hoping that he had amassed a small fortune, the total calculated by the machine was rather surprising.
6 days ago
After examining the stone cooler, the expert called it a "monumental piece of American stoneware".
7 days ago
Sajak who cut a round to make up time for his farewell speech, made things sweeter for the contestants
Jan 6, 2025
There are plenty of wrong answers but some are completely unbelievable for hosts and audiences alike.
Jan 5, 2025
Viewers labelled the meat used in the steak sandwiches as 'mystery meat'.
Jan 5, 2025
Cuban was backed by two others on the panel while others believed that she deserved to be on the show.
Jan 3, 2025
In a viral video with over 1.3 million views, the creator talked about the dangerous levels of PFAS in smartwatches and fitness trackers.
Jan 3, 2025
This happened when 42-year-old Matt Busbice left his house in a rush one morning after he heard a fire alarm.
Jan 3, 2025
The former teacher says he doesn't need any more degrees to climb up the ladder at the company.
Jan 2, 2025
The 68-year-old won $3.8 million of which he was able to take home close to $2 million after taxes.
Jan 1, 2025
It's not new for Harvey to come across answers which sound bizarre and at times even gross.
Jan 1, 2025