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 a good feeling about the item when she saw it but she wasn't sure of its value.
1 hour ago
The overhaul comes as a direct result of the Trump administration's aggressive budget cuts.
1 hour ago
She did not put a foot wrong in her performance which left fans and the cast impressed.
1 hour ago
He also credited US President Donald Trump for his vision of re-industrialization with AI.
4 hours ago
His comments were made in response to a Danish pensioner pulling their investment from the US.
5 hours ago
This ruling reflects growing trade tensions between the US and Europe amidst the Greenland crisis.
7 hours ago
She did not win much but it would have been better than going home empty-handed.
1 day ago
Brian Moynihan told Fox that a number of factors will contribute to the US GDP growth.
1 day ago
The President has a desire to take control of Greenland, threatening allies with tariffs.
1 day ago
It seems like the people of Denmark are replying to the US by using their own tactics.
1 day ago
It is part of a program running from 2017 which has seen almost $7 billion in payouts.
1 day ago
"And yes, I can want an autograph, and a new car. First car win in 2026, and it's a Nissan," a fan reacted.
1 day ago
The President has threatened EU countries with tariffs, which could lead to retaliatory measures.
1 day ago
She travelled all the way back to 2016 to get some of her guesses spot on.
2 days ago
The contestant has automatically qualified for the 2027 Tournament of Champions.
2 days ago
Research from Kiel Institute found foreign trade partners are bearing only 4% of the added costs.
2 days ago
A large percentage of people admitted to regretting impulse buys made thanks to social media.
2 days ago
The product was reportedly distributed in seven states but no illness has been reported yet.
2 days ago