New York City’s Smallest Apartment – $150K for 175 Sq Ft

Update (12/14/09): More New Yorkers show off their tiny apartments.

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Original post:

Not many couples could live in complete harmony in a space the New York Post calls the “smallest apartment in the city,” but Zaarath and Christopher Prokop — plus their two cats — live in a 175-square-foot “microstudio” in Manhattan’s Morningside Heights.

Purchased for $150,000 three months ago, the co-op is 14.9 feet long and 10 feet wide and is on the 16th floor of a building on 110th Street, but, get this — it’s only accessible by a staircase from the 15th floor.

The couple has:

  • a queen-size bed (about 1/3 of their living space)
  • mini-fridge and hot plate (they don’t eat in very often)
  • one kitchen appliance (a cappuccino maker)
  • closet-sized bathroom with shower with sink and toilet (no long, luxurious baths here)
  • kitchen cabinets that are used for their clothing (they don’t eat here, remember?)

With a space this small, they jog to work, picking up their clothes along the way at various dry cleaners around the city and some clothes are kept in their offices.

Curbed figures they spent about $857 per square foot in one of the priciest cities in the world. The Zillow Home Value for Morningside is $641,600 and the median value per sq ft for Morningside is $726.

The Prokops plan to pay off their mortgage in two years and then plan to remodel by installing a Murphy bed and larger windows. Their only cost at that point will be a maintenance fee of $700 a month.

“It’s like having a rent-controlled apartment,” she said. “We’re going to own something in Manhattan in two years. How many people can say that? And we’re very happy doing more with less.”

(Photo courtesy NY Post)