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Micro Units: Next Big Thing?

NEW YORK CITY—The small apartments can be nice spaces and may help solve the housing crisis, as developer Monadnock Development tells GlobeSt.com in this EXCLUSIVE interview.

By Rayna Katz | Updated on August 28, 2015

NEW YORK CITY—Maximizing space isn’t a new trend in New York City isn’t a new trend; it’s a necessity here. But one way to go about it is of-the-moment and it’s catching on. Microunits, meaning apartments smaller than 400 square feet, have been buzzed about recently and the city put out a Request for Proposal for a building featuring such residences.

The winner of the bid, Monadnock Development, is creating a 55-unit, nine story multifamily building at 335 E. 27th St., between First and Second Avenues. The firm’s project developer, Tobias Oriwol, sat down with GlobeSt.com EXCLUSIVELY to discuss these small spaces.

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