Apply to live in Manhattan’s first micro apartments for as low as $950 a month

It looks like former mayor Mike Bloomberg's legacy is still going strong within the NYC rental market. His much-anticipated, affordable <a href="http://inhabitat.com/nyc/nycs-first-prefab-micro-unit-apartment-building-begins-to-rise-in-manhattan-photos/" target="_blank">micro-unit apartment</a> project has finally come to fruition and is, as of September 1st, accepting rental applications. Designed by Brooklyn-based <a href="http://narchitects.com/" target="_blank">nARCHITECTS,</a> Carmel Place (formerly known as My Micro NY) is the first multi-unit modular construction in Manhattan and will offer affordable housing for low- and middle-income households.

Located at 335 E 27th Street, Kips Bay, the $17 million development will have a total of 55 studios at 250 to 370 square feet.

Out of the 55, 22 apartments will be affordable units that start at $950 a month, depending on income. The remaining 33 units will rent for upwards to $3,000 per month.

The modular construction will be one of the first in New York City.

According to the architects, the project's compact design was focused on providing residents with high liveability features such as convertible furniture and multi-use rooms.

Additionally, the compact apartments' sizes are further enhanced by high ceilings and sweet juliet balconies.

The units all come equipped with features to make the most use of out the compact space.

The development is somewhat of a pilot project for the city, who previously did not allow apartment buildings to be built smaller than 400 square feet, nor entire buildings of micro-units.

Residents will have access to a gym on the ground floor, along with a small lounge, community room, roof terrace, bicycle storage, and a small shared garden space.