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
Despite widespread economic concerns, big banks who posted big profits remain bullish.
4 hours ago
One simply has to look at the number on the product tag to gauge its quality.
6 hours ago
The contestant was quite nervous towards the end but played the game perfectly.
7 hours ago
The retailers were part of a group that sued banks and credit card companies two decades ago.
7 hours ago
The President signed an executive order about the name change back in September.
10 hours ago
The company laid off more than 5,500 employees and that affected its income for the year.
11 hours ago
"We're going to have tremendous workforce availability. We're also going to have robots helping us," Trump had stated earlier.
14 hours ago
"He almost had it, that was so close," an upset fan said about the disappointing loss.
18 hours ago
The President reiterated that believes the affordability crisis is a Democrat hoax.
1 day ago
The contestant was at the show's taping for the first time and was a big fan of Carey's work.
1 day ago
AI is making online shopping easier, but it’s also helping scammers steal more money.
1 day ago
The trend in investors selling US stocks and diversifying in European stocks is growing.
1 day ago
BlackRock is also ready to bet big on the AI boom as it feels the tech is here to stay.
1 day ago
The products were sold both in stores and online, but no illness has been reported yet.
1 day ago
The President had a hard time recalling that he ever made such a promise in a recent interview.
1 day ago
"$45,000 and Finland missed... we need a winner tomorrow. No more losing streaks..." a fan reacted.
1 day ago
The man's $3 find took him 75 years behind in history and fetched him huge returns.
2 days ago
Bob Sternfels claims McKinsey has about 1 AI agent for every 2.4 human employees in its workforce
2 days ago
Walmart's planned expansion will bring fast drone-based delivery to millions across the US.
2 days ago
This once popular food chain is now at the brink of extinction and the cause of downfall lies within the brand's success too.
2 days ago