Monday, June 17, 2013

"Matrix" Style Modular Apartments Being Readied for NYC

Tiny — and affordable — modular living spaces could soon become the latest real estate craze in the highly crowded city of New York. Think "Matrix" meets a beehive.

Fifty-five micro apartments are being constructed in Manhattan to test whether New Yorkers are willing to follow the example of Tokyo and Mumbai. According to Bloomberg News, micro apartments at the new “My Micro NY” building will be only 250 to 370 square feet. Rents will range from $939 to $1,873. Currently, the average monthly rent for a studio is more than $2,000.

The Architect featured in this video says that modular construction is the most viable way to build these new housing units.


The organization predicts that the population of New York City will reach 9.2 million by 2040, but won’t have a place to put all the new people. The city’s demographics and housing options are also currently out of whack. Nearly half of the population is single, but studios and one bedroom apartments comprise a minority of housing.

Such factors make micro apartments an appealing solution, at least on paper.

2 comments:

Tom O'Hara said...

Gee Coach,

How about a shout out to us, Capsys Modular as the modular builder of the MyMicro NY project. Capsys has been building modular buildings out of our Brooklyn Navy Yard factory for over 17 years. The MyMicro project will be constructed early next year.

Coach said...

Tom,

Thanks for following Modular Home Builder blog.

I've been writing articles about Capsys Modular since 2009 and featured them in a couple of articles specifically about the Brooklyn Navy Yard factory.

Do a search on my blog for Capsys and see the articles.