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NYC $150k apartment


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2009 Dec 8, 10:21am   2,609 views  8 comments

by elliemae   ➕follow (3)   💰tip   ignore  

http://www.nypost.com/p/news/local/manhattan/cozy_crazy_couple_makes_tight_studio_R15ToNFTaJE3c17zkw4efP

From the article:

Zaarath and Christopher Prokop -- and their two cats -- live in the smallest apartment in the city, a 175-square-foot "microstudio" in Morningside Heights the couple bought three months ago for $150,000.

At 14.9 feet long and 10 feet wide, it's about as narrow as a subway car and as claustrophobic as a jail cell. But to the Prokops, it's a castle.

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Later in the article it states that the building maintenence fee is $700/mo.  I should point out that's more than I paid for my 3/2 house on an acre in the mountains.  Location obviously matters.

Comments 1 - 8 of 8        Search these comments

1   fredMG   2009 Dec 8, 10:50am  

At least their downside risk is low compared to most other new yorkers.

2   B.A.C.A.H.   2009 Dec 8, 11:10am  

I think itsa gimmic ploy for reality TV money like the Balloon Boy or the uninvited White House guests.

3   4X   2009 Dec 8, 11:11am  

Wow!!!!!..........the fever has spead across NYC. That place is the size of my kids bedroom.

As TROUT would say....there are "sheeple" everywhere.

4   4X   2009 Dec 8, 11:12am  

fredMG says

At least their downside risk is low compared to most other new yorkers.

Downside risk? They live in a closet...what is more down than that?

5   elliemae   2009 Dec 8, 12:55pm  

$700/mo fees? That's a buck short of my house payment!

6   thomas.wong87   2009 Dec 8, 4:10pm  

“NYC $150k apartment”

Typical mental thinking of East Coast Liberal which infested California in recent years.
They just think its normal!

7   zzyzzx   2009 Dec 9, 2:15am  

I saw that on the news and I would hope that they stay someplace else on the weekends, or something.

8   pkennedy   2009 Dec 9, 3:20am  

Small, but if you don't spend much time in the house, so be it.

It's like buying a super expensive car if you don't drive anywhere. Or buying a house 3x the size you need, and just paying massive power bills for rooms you never set foot in.

It seems small, but it might be good for a hard working couple. Or a couple who would rather live there, than commute 2 hours into the city every day from some place that is much larger, but chews into your available free time.

A decently standard day: working 8 hours + 1 hour lunch for most, 8 hours of sleep, 1 hour to get up and get ready, 1 hour to get dinner, laundry, bills paid, misc other crap, every day. That is 19 hours accounted for in the day. 5 hours left.

If your commute is 2 hours, you've just chopped off 40% of your free time every day. That is huge.

If they're able to save that 2 hours, and get away with 30 minute commutes, fantastic! 10% vs 40%.

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