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104 Bedford Street, #4E (Douglas Elliman) 104 Bedford Street, #4E (Douglas Elliman)
In fall 2023, when it was reported that Mayor Adams was considering a plan to allow single-room occupancy (SRO) buildings to be built again, some saw it as a return to the bad old days in light of SROs’ sordid history. However, a closer look at the proposal found that rather than outright calling for the return of SROs, it sought to amend zoning laws that set minimum apartment size requirements, which in turn prevented construction of new SRO buildings and the improvement of existing ones. It must be noted that pre-pandemic co-living buildings, with their small private quarters and emphasis on common amenities, were not dissimilar to SROs of old. Moreover, city officials and building owners have learned their lesson from past SROs and are prepared for better inspections and plans for more buy-ins from non-profits.
Even if new SRO buildings do not rise, the proposed changes could lead to more studio apartments. Current zoning does not allow for towers of studios and one-bedrooms like the ones that went up in the post-war era (h/t Curbed); if anything, an analysis by The New York Times noted that thanks to the popularity of uber-luxury boutique buildings with only a small handful of half-floor, full-floor, and multi-level apartments, newly built studios and one-bedrooms have dwindled. On the rare occasions that studios are available in these buildings, they are marketed as staff or guest quarters to be bundled with a larger apartment, as opposed to a singular purchase. This does a disservice to small households who might like to enter the New York housing market, but only have the funds and desire for a studio apartment.

In this article:

18 Mercer Street
18 Mercer Street SoHo
2 Sutton Place South, 450 East 57th Street
2 Sutton Place South, 450 East 57th Street Beekman/Sutton Place
Chelsea Lane, 16 West 16th Street
Chelsea Lane, 16 West 16th Street Flatiron/Union Square
Worldwide Plaza, 350 West 50th Street
Worldwide Plaza, 350 West 50th Street Midtown West
10 Park Avenue
10 Park Avenue Murray Hill
Brooklyn Tower Recently, a studio apartment in the Brooklyn Tower has sold for $905,000, marking the most expensive studio sale on a price-per-square-foot basis in the borough. (Douglas Elliman)
There’s little question that demand is there: CityRealty listings show only 721 studios for sale throughout Manhattan, northern Brooklyn, and parts of Queens and the Bronx. In summer 2023, the New York Post ran a profile of buyers who bought studios as an alternative to hotels, rentals, or Airbnbs. More recently, The Brooklyn Tower recorded the borough’s highest studio price per square foot on record ($905,000, or over $2,000 per square foot).
Finally, studio apartments have evolved from one single, sparse room into homes that can be more thoughtfully and creatively planned than apartments twice their size. Murphy beds of old remain in place in some studios, but certain buildings have gone one step further with space-saving modular furniture that can create all sorts of configurations and be stored in the ceiling when not in use. This feature is more popular in rentals than sales (examples include The Artisan in Essex Crossing, The Set in Hudson Yards, and The Smile in East Harlem), but builders have gotten creative with layouts, and buyers have taken the initiative to add creative storage solutions and custom furniture, some of which is included in a studio’s price to sweeten the deal.

Featured Studio Listings
(Full list of all active studio listings in NYC at bottom)

Stella Tower, #12B (Compass)

The Remsen, #5J (Serhant LLC)

Prospect Tower, #1020 (Douglas Elliman Real Estate)

444 East 52nd Street, #8B (R New York)

336 West End Avenue, #6F (Brown Harris Stevens Residential Sales LLC)

140 East 28th Street, #8A (Brown Harris Stevens Residential Sales LLC)

The Bancroft, #81C (Brown Harris Stevens Residential Sales LLC)
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201 East 66th Street, #PHP (Sothebys International Realty)

The Broadmoor, #12F (Douglas Elliman Real Estate)

10 Park Avenue, #17C (City Connections Realty Inc)

750 Park Avenue, #8E (Douglas Elliman Real Estate)

60 Plaza Street East, #6G (Keller Williams NYC)

Morgan Lofts, #303 (Nest Seekers LLC)

Worldwide Plaza, #5II (Corcoran Group)

Chelsea Lane, #2GN (Coldwell Banker Warburg)

2 Sutton Place South, #5H (Douglas Elliman Real Estate)

Wedgwood House, #18D (Douglas Elliman Real Estate)

Barbizon 63, #4O (Peter Ashe)

104 Bedford Street, #4E (Douglas Elliman Real Estate)

149 Huron Street, #1A (Douglas Elliman Real Estate)

The Brooklyn Tower, #54C (Douglas Elliman Real Estate)

Belltel Lofts, #2E (Douglas Elliman Real Estate)

450 Washington Street, #507 (Corcoran Sunshine Marketing Group)

18 Mercer Street, #1 (Corcoran Group)

The Greenwich by Rafael Vinoly, #6C (Douglas Elliman Real Estate)

Mandarin Oriental Residences Fifth Avenue, #6D (Douglas Elliman Real Estate)

Would you like to tour any of these properties?
Just complete the info below.
  1. Select which properties are of interest to you:

Or call us at (212) 755-5544
Would you like to tour any of these properties?