Real Estate

NYC hungry for more “micro” apartments, officials say

therealdeal.comWith demand for the city’s first micro-units red hot, officials are looking for ways to add more.

Planning officials have proposed axing New York’s requirement that new apartments span a minimum of 400 square feet.

Trashing the regulation could make way for more “micro-apartments” like Monadnock Development’s Carmel Place, a new development in Kips Bay that has 55 apartments ranging from 265 to 360 square feet, the Associated Press reported. Under the proposed changes, buildings made up of entirely of micro-units would still need waivers from the city, but buildings would be able to mix smaller studios in with apartments of varying sizes.

Categories: Real Estate

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