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Located at 335 E 27th Street in Kips Bay, Manhattan’s first micro-apartment building is a pilot project launched under the Bloomberg administration and the NYC Department of Housing Preservation & Development in order to address the demand for affordable single- or double- occupant dwellings in New York City. The development captivated the attention of New Yorkers with its prefabricated, 250- to 370-square-foot units, and recently made headlines again when it was announced that the cheapest studios would rent for just $950 a month (depending on the resident’s income). 40 percent of the 55 apartments in the building have been set aside as affordable housing (with rents going up to $1,492 a month), while market-rate studios start at $2,000.

RELATED: Take a video tour of NYC’s first micro-unit building with apartments starting at $950 a month

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The micro-apartments are airy and filled with light thanks to 8-ft windows and 10-ft ceilings.

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With only 250-370 square feet to work with, the apartments employ transforming furniture like sofas/murphy beds that flip out from the wall to make the most of the available space.

Tenants will also be able to enjoy the perks of Ollie, an “all-inclusive living experience” developed by Stage 3, which will come included in their monthly rent. The new lifestyle-integrated living concept comprises things like the luxurious furniture in each apartment, housekeeping, Wi-Fi and cable, and a personal “butler” service.

Learn more about Ollie here.

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The open and modern kitchenettes feature stainless steel appliances and chrome Hansgrohe fixtures as well as a small desk that extends out into a full dining table.

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A thoughtful storage loft makes smart use of the hallway area, providing extra room for residents to stash their stuff away.

Can you see yourself living at Carmel Place? Check out the building’s available apartments and other information here.

+ Carmel Place

+ Stage 3 Properties

Via Wired

Photos: Carmel Place and Stage 3 Properties. Renderings: nARCHITECTS.