With an ever-expanding population but ever dwindling ground-space, it was only a matter of time before micro-homes hit Manhattan's property market.
Carmel Place, located on Kips Bay's East 27th Street, is the city's first micro-unit development, with 55 studios ranging from 260 to 360 square feet.
Their unprecedented size called for several mayoral overrides, including a relaxation of the minimum unit size and the maximum number of units per building.
It's a groundbreaking project which answers New Yorkers' calls for modest, single-person homes at equally modest prices.
Previously called My Micro NY, the project was the brain child of nArchictects and Monadnock Development, who scored the winning proposal for the 2013 adAPT NYC.
The Mayor Bloomberg led New Housing Marketplace Plan initiative is designed to accommodate the city's growing small household population.
The apartment's features and fitting's were made prefabrication in a factory in the old Brooklyn Navy Yard.
And though small in size, the 8-foot windows and nearly 10-foot ceilings means they feel much bigger than their tiny floor space.
The windows were designed to recall proportions used in New York's 19th century brownstones.
The abundant daylight is also made possible by the Juliet balconies, which maximize the perceived volume of space.
The market price monthly rents range from $2,446 to $3,195, eight of which have been set aside for formally homeless veterans, while the 14 affordable units have monthly rents from $914 to $1,873, for which nearly 4,300 applicants per apartment applied for in a lottery.
Slender but spacious: nArchitects designed the exterior spaces to resemble four slender 'mini towers'.
According their website, nArchitects designed the exterior spaces to resemble four slender 'mini towers'.
The designs celebrate the 'beauty of small dimensions' and the architects' aim was to provide a new social framework for small households.
The goal for the interior was to achieve a sense of 'spaciousness, comfort and efficiency', even while shrinking their footprint.
Design innovation is key for such a small space.
The Queen wall bed can be pulled down directly off the sofa, in front of which sits a coffee table that can be heightened to become a four-seater dinner table.
There's even room for a big dinner party, with the kitchen table converting into 10-seater table, complete with fold away chairs.
Resource Furniture sourced flexible built-in furnishings that integrated storage while additional furnishings came from Stage 3 Properties through Ollie, a design company geared towards 'well-employed millennials'.
Community space is also imaginative.
In the cellar, residents have access to a den, storage, bike storage and laundry, while at the 8th floor, a community room with a pantry leads onto a public roof terrace with sweeping city views.
Inner-city micro-living never looked so good.