This tiny NYC penthouse costs $1,843 per square foot, but every detail was designed so it `functions like one twice its size.` Take a look inside.

This tiny NYC penthouse costs $1,843 per square foot, but every detail was designed so it `functions like one twice its size.` Take a look inside.

  • A tiny penthouse apartment in New York City is on the market for $645,000.

  • At just 350 square feet, that puts the cost at $1,843 per square foot, which is $471 more per square foot than the Manhattan average.

  • The compact SoHo studio, which was previously listed for $750,000, was designed with simplicity and multifunctionality in mind.

  • The space is also tech-heavy, including motorized blinds, energy-efficient light bulbs, Nest security cameras, and air purifiers.

New Yorkers are used to paying a lot to live in small spaces.

The median home price in Manhattan is $1,372 per square foot, according to Zillow.

A renovated apartment in Manhattan`s SoHo neighborhood is on the market for $645,000 — for a space of 350 square feet, which makes the cost $1,843 per square foot. 

For comparison, the typical American home is 2,687 square feet and costs $244,054, according to a 2016 report from the Census Bureau and data from Zillow. That makes the average price per square feet about $91.

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RSK: This is for you Kenny H...not for me...unless you double the size.

Ken Notes: I am just saying we need a mix of options to solve all our problems, but I would take this in a heartbeat... NYC here we come, if Ralph is buying that is...

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- - Volume: 8 - WEEK: 9 Date: 2/25/2020 8:25:05 AM -