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I visited a luxury “micro-apartment” in NYC where residents can save up to 20% on rent – liked the fancy amenities, but the rollaway bed was a bit off

The 44-story Alta Building is one of many skyscrapers that have sprung up in Long Island City in recent years, many of which are still under construction.


Hannah Towey / Insider


Floors 2 through 16 of the building are managed by “Common”, a company that manages shared apartments in nine cities across the United States.

Alta by municipality


Hannah Towey / Insider


I toured the facilities to check out the appeal of the co-living trend and see why these unique apartments have a 95% occupancy rate, according to the company.

Alta by municipality


Hannah Towey / Insider


The unit I visited had 3 bedrooms, 2 bathrooms and a shared kitchen, a layout it shares with 80 of the 165 units. This floor plan is currently listed between $2,156 and $2,200 per bedroom.

Alta by Common Floor Plan

Alta by Common Floor Plan


Common


Residents can apply for individual or group rooms for the entire apartment. The kitchen is the only shared space in the apartment beyond the bathroom.

Alta by municipality


Hannah Towey / Insider


A monthly fee of $80 covers essential household items, including paper towels, toilet paper, and sponges.

Alta by municipality


Hannah Towey / Insider


Two of the three bedrooms were about the same size, but the first had room for a small office.

Alta by municipality


Hannah Towey / Insider


The focal point of the micro-suites are modular Murphy beds that fold out from the wall.

Alta by Common Alta by Common


Hannah Towey / Insider


In the second room, I took the pillows off the couch and tried to set up the bed. With some difficulty, I was able to manually pull the bed out to rest on the futon, then locked it in place.

Alta by municipality


Hannah Towey / Insider


A small headboard appears at the end of the bed, closest to the window.

Alta by municipality


Hannah Towey / Insider


Storage space in the smallest of the three bedrooms was minimal.

Alta by municipality


Hannah Towey / Insider


But the largest – and most expensive – bedroom had two spacious closets and several shelves.

Alta by municipality


Hannah Towey / Insider


Comparatively, the estimated rent for a bedroom in a 3-bedroom apartment in the neighborhood was $2,484 in November according to Zillow.

Alta by municipality


Hannah Towey / Insider


Source: Zillow

One of the main differences between these apartments and a traditional lease is that residents are only responsible for renting their own room, not the apartment as a whole. So if your roommate can’t pay or decides to leave, that’s not your problem.

Alta by municipality


Hannah Towey / Insider


But their main selling point is undoubtedly the conveniences. My favorite was this sunny rooftop lounge on the forty-third floor.

Alta by municipality


Hannah Towey / Insider


#visited #luxury #microapartment #NYC #residents #save #rent #fancy #amenities #rollaway #bed #bit

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