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

NYC Apartment Built On An Unused Corner Available To Rent For $2300 a Month; Internet Is Shocked

The housing affordability crisis has impacted all of America and especially metros like NYC
PUBLISHED APR 12, 2024
Cover Image Source: TikTok | @rentnewyork
Cover Image Source: TikTok | @rentnewyork

New York City is one of the most expensive cities to live in with sky-high rents. According to apartments.com, the median rent in the city is about $3,735 per month, or about 149% higher than the national average. Thus, every bit of living space is precious and landlords would want to utilize it. This was seen in a TikTok video posted by a New York rental company (@rentnewyork). In the video, a broker shows around an improvised apartment that the owner established in some unused space.

Representative Image | Unsplash | Photo by ian dooley
Representative Image | Unsplash | Photo by ian dooley

In the video, the broker says that the landlord has created a new apartment by utilizing some unused space on the bottom level. The broker says the apartment is tucked beside the laundry room of the building and is quite snug. He shows around the entrance, and the laundry room and then takes viewers inside the apartment.

Image Source: TikTok | @rentnewyork
Image Source: TikTok | @rentnewyork

Once inside, the broker shows how the space was converted into an apartment. He then shows the kitchen, which is in the living room, and the washroom of the apartment. He then takes viewers inside another room which is supposed to be the bedroom of the apartment. The very limited and narrow bedroom also featured a nice high window.

Image Source: TikTok | @rentnewyork
Image Source: TikTok | @rentnewyork

The broker says the apartment is pretty nice and has some high ceilings. At the end, the broker says the apartment is available for a whopping $2300. With this, the viewers immediately disagreed and poured their frustration over the cost of housing in New York in the comments section.

One user (@Kaeden) said while the space was bigger for an unused corner, the $2300 rent is still outrageous. To this, another user (@Black_moon) added that it was actually $2300 for an unused corner.

Image Source: TikTok | @rentnewyork
Image Source: TikTok | @rentnewyork

Several others expressed that it has now become normal for New York to have such living spaces. One user (@Nee) said “New York apartments have nothing but audacity” while another user (@Austin) added that they have never come across a single apartment in New York that they liked.

Image Source: TikTok | @rentnewyork
Image Source: TikTok | @rentnewyork

The comments were indeed true as several stories of bizarre properties with outrageous rent have emerged from New York. Earlier this year, the New York Post reported that a tiny 27-square-foot triangular shop that spans less than a smart car was available for a whopping $5,000 rent. The rent to be exact comes out to be a staggering $185/square foot.

The store located at 169 West 10th Street was put up for rent by broker Invictus Property Advisors who in the report insisted that it was “the smallest retail store in the country.” Not just that, the report suggests that the new asking rent for the shop was about 426% higher than the rent paid by the previous tenant.



 

However, the brokers of the place seemed to be pretty confident that it would fill up soon as the place gets great footfall. The managers claimed that the store had already caught the eye of a few businesses but neighbors and residents of the area couldn’t imagine a business making profits while operating from the tiny shoe box.

MORE ON MARKET REALIST
TrumpRx costs may be as much as 80% less than normal listings, though actual savings may differ.
3 hours ago
The Amazon boss laid off a third of The Washington Post employees, including reporters on duty.
3 hours ago
Members are now required to scan their membership cards simply to get inside a Costco store.
3 hours ago
Natalie's younger daughter Bailey couldn't hold back her tears after her mother won a grand total of $63,990.
10 hours ago
It seemed at one point that the contestant might have missed her chance to win big.
22 hours ago
The FDA recently slapped a Class-II warning label on the product, which was sold by the thousands.
22 hours ago
The city's law dictates that all businesses using such surveillance tech must make it public.
22 hours ago
"I mean, if he came in and said, 'I want to raise them' ... he would not have gotten the job," Trump emphasized on Warsh's role.
1 day ago
He also claimed that such billionaires pay their taxes and give their wealth back to the community.
1 day ago
"Best sliced aged white cheddar in the market that’s farmer-owned and uses zero hormones, zero RBSt, and zero GMO in dairy," a user wrote.
1 day ago
Griffin expressed unease over alleged favoritism, saying that CEOs find it repulsive that the government interacts with corporate America.
1 day ago
"Daniel solved the "bear hug" and continued hugging people, even hugging a car! He was a spectacular sight today," a fan reacted.
1 day ago
While the official website says contributions could grow over $1 million, the details are unclear.
1 day ago
Fans of the show loved what Jennings had discovered and made their feelings known.
2 days ago
The contestant took the advice of her man, who was in the studio audience.
2 days ago
Under this scheme, home buyers will have three years to pay the down payment.
2 days ago
The labeling error meant that the bottles did not show a lot number and expiration date.
2 days ago
The achievement puts the retailer in a list dominated by tech companies.
2 days ago
Sankar pointed out that there an incredible amount of fear around the AI boom.
2 days ago
"That puzzle was not fair. But you know what is fair? Walking away with $47,000 in cash and prizes. She did great," a fan reacted.
2 days ago