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NYC: Studio apt. for $1 million

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Printed Date: Oct 21 2018 at 8:55pm


Topic: NYC: Studio apt. for $1 million
Posted By: tatee
Subject: NYC: Studio apt. for $1 million
Date Posted: May 05 2014 at 5:46pm
http://www.youtube.com/watch?v=H-JVUH2a0vo&r=1" rel="nofollow -

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NEW YORK (CNNMoney) -- Paying $1 million for a studio may seem high, even by Manhattan standards, but this 420-square-foot space collapses, folds, and rolls to transform into a master bedroom, home theater, dining room for 12 and even a guest room.

Designed by LifeEdited founder Graham Hill, the apartment was created to show how much functionality could be added to a small apartment. With the success of this apartment, Hill is bringing the concept to new apartment complexes in both Brooklyn and Sao Paulo, Brazil.

The founder of Treehugger.com, Hill believes, "One of the easiest ways to go green is really just to go smaller" -- and that's exactly what this apartment does.

The main room contains a thick rolling wall -- like those commonly found in large libraries -- that sits on a track. The wall is made up of cabinets, drawers and a standing desk. Roll the wall out, and it reveals two bunk beds hidden behind it, along with storage closets and a desk for guests. There's a Murphy bed in the main space and the kitchen counter hides a small table,which can be pulled out and expanded to accommodate up to twelve people.

Hill paid $287,000 for the studio in 2009 and held a contest to create its final design. With over 300 entries, the winning design came from Romanian architecture students Catalin Sandu and Adrian Iancu. The complete gut renovation of the studio (located in New York City's Lower East Side) was even more than the purchase price, coming in around $365,000. Hill lived in the apartment after it was renovated and is now putting it on the market for $995,000

Rounding out the apartment's "green" theme is its energy efficiency -- it has an electronic composter, insulated air conditioner that can stay in year-round, and even a solar panel outside the window -- which Hill says came in handy after Hurricane Sandy.

While the apartment has a lot of functions for such a small space, don't expect the design to migrate to the suburbs just yet.

"Transforming apartments really works best in high cost-per-square-foot areas," Hill says. "It's not going to be for everyone. But it absolutely is going to be for a lot of people."

http://www.abc57.com/news/weird-news/The-1-million-studio-with-hidden-rooms----257683221.html




Replies:
Posted By: Rumbera
Date Posted: May 05 2014 at 5:50pm
Good use of space... However you better have a whole bunch of wd 40 for all those mechanisms.. I like the idea tho'


Posted By: afrokock
Date Posted: May 05 2014 at 5:50pm
white people jacking japanese designs

but a milly?

naaaah


Posted By: MizzAmirah
Date Posted: May 05 2014 at 5:51pm
All this just to live in New York?
For $1 million?


Ermm


Posted By: nekamarie83
Date Posted: May 05 2014 at 5:52pm
Originally posted by afrokock afrokock wrote:

white people jacking japanese designs

but a milly?

naaaah
alladis.


Posted By: Alias_Avi
Date Posted: May 05 2014 at 5:53pm
What is it about a city of buildings that makes people so excited to live there? Confused

I'll never get it


Posted By: PurplePhase
Date Posted: May 05 2014 at 6:04pm
hub would love this. I'd visit.


Posted By: stardaqueenb23
Date Posted: May 05 2014 at 6:15pm
It is not that serious you can get a really nice luxury apartment for a million in the city. If you venture in to the other boroughs or the surrounding burbs you can get a large house. Only the people who transplant here and know nothing but downtown get gooped like this.


Posted By: sugabanana
Date Posted: May 05 2014 at 6:19pm
So am I the only one that feels like I could stub a toe with them floors????


Posted By: nebhnebh
Date Posted: May 05 2014 at 6:27pm
why didn't they show the bathroom...


Posted By: maysay1
Date Posted: May 05 2014 at 6:37pm
I'm all about small spaces. But, I don't want to have to do a lot of work to access my living quarters.

I'd much rather a regular studio apartment or rv or something.

And for 1 million? Nah. New york city is really not my type of spot so I definitely wouldn't pay that much to live there.



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