All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

NYC rent-stabilized apartment with no bathroom sink is a 'gem'

Created at 2 Aug · 4:31 PM1 source
IN SHORT

A New York City resident describes living in a rent-stabilized, 380-square-foot West Village apartment with numerous quirks, including a lack of a bathroom sink and cramped living conditions. Despite the drawbacks, the author values the apartment's location and security in the city's competitive housing market.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

380-square-footapartment size
$2,000monthly rent
3,000minimum studio rent in neighborhood
five-minute strolldistance to Hudson River piers
10-minute walkdistance to subway lines
$4,000rent for an apartment upstairs

Who's Involved

Isis O'Flynn-Shahaf
Resident of a rent-stabilized West Village apartment
NYC rent-stabilized apartment with no bathroom sink is a 'gem'

↳ Why This Matters

This story highlights the enduring appeal and challenges of rent-stabilized housing in New York City, illustrating how long-term residents may prioritize security and affordability over modern amenities and space in a highly competitive and expensive real estate market.

Key facts

  • The author lives in a rent-stabilized, one-bedroom, 380-square-foot apartment in New York City's West Village.
  • The monthly rent is approximately $2,000, which is considered a significant saving compared to market rates.
  • The apartment lacks a bathroom sink, has no built-in closets, and features a challenging layout that obstructs the main walkway.
  • Despite drawbacks like a noisy radiator and limited sunlight, the resident values the apartment's location and the security of rent stabilization.
  • A resident reflects on living in a rent-stabilized, 380-square-foot apartment in New York City's West Village, describing it as a 'gem' despite its numerous drawbacks. The apartment, which the author has lived in most of her life, features original architectural details like exposed brick and crown molding, along with a claw-foot tub. The rent is approximately $2,000 per month, a stark contrast to the market rate of over $3,000 for studios in the desirable neighborhood.

    Despite the perceived value, the small space presents significant challenges. The author notes the lack of personal space, the absence of built-in closets requiring extensive use of freestanding storage, and a peculiar layout where the bathroom door obstructs the main walkway. Moving large furniture into the apartment is a complex task, and one couch had to be returned due to the entranceway's constraints. The apartment also suffers from a noisy radiator, limited sunlight, and a view of adjacent building walls and trash.

    Furthermore, there is no in-building laundry, and the only sink is located in the kitchen, with none in the bathroom. The proximity of two restaurants below the apartment leads to constant noise from their back operations and slamming doors. However, the author finds solace in the apartment's prime location, being a short walk from the Hudson River piers and subway lines. The security and community aspect of the rent-stabilized unit, especially when compared to a neighboring apartment renting for over double the price, outweigh the inconveniences, making it a difficult place to leave.

    Frequently asked questions

    The apartment is small (380 sq ft) with a challenging layout, lacks a bathroom sink and built-in closets, has a noisy radiator, limited sunlight, and is situated above restaurants.

    The apartment is rent-stabilized, offering security and capped rent increases, and is located in the desirable West Village neighborhood, making it a rare find in NYC's expensive market.

    The rent is approximately $2,000 per month, which is significantly lower than market rates for similar apartments in the area.

    What Happens Next

    01The author hopes to take over the lease as her father plans to move out of the city.

    Get the newsletter.

    Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

    Cadence

    How It Developed

    A resident describes living in a rent-stabilized, 380-square-foot apartment in NYC's West Village.
    The apartment features original exposed brick, crown molding, and a claw-foot tub.
    Rent is approximately $2,000 per month, significantly lower than market rates for similar spaces.
    The small space presents challenges, including a lack of personal space, no built-in closets, and a difficult layout.
    The bathroom door's placement obstructs the main walkway, complicating entry and furniture movement.
    The apartment has a noisy radiator and limited sunlight, with a view of adjacent building walls and trash.
    There is no laundry in the building and the only sink is in the kitchen.
    The resident finds value in the apartment's location, proximity to amenities, and the security of rent stabilization.

    Sources

    T1
    My rent-stabilized NYC apartment doesn't even have a bathroom sink, but I can never leave the 380-square-foot gemBusiness Insider

    Related Stories

    Woman builds tiny home for under $50,000, saving money despite challenges
    2 Aug · 1:21 PM
    Miami homeowner moves to North Florida, cuts costs and stress
    2 Aug · 9:21 AM
    Hong Kong retirees face rising healthcare costs
    2 Aug · 11:06 AM
    Australian house prices fall faster in July
    2 Aug · 2:05 PM