Through a friend of a friend, David Abramovich found a sunny room in a five-bedroom apartment in an industrial building near the Barclays Center when he relocated here from San Francisco this summer for his job at crowdfunding start-up Indiegogo.
The 33-year-old tech worker pays $895 a month. That's nearly 60 percent less than the average price for a Brooklyn studio, according to real estate firm MNS.
Altogether the Prospect Heights home has six roommates, a steady stream of guests crashing on the couch and the occasional small concert staged in the living room of the fourth floor walk-up that still has manufacturing companies on lower floors.
"A lot of people don't want to have five roommates, especially in their late 20s and early 30s, and once in a while, it's like, 'Yo, there are a lot of dishes in the sink,'" Abramovich said. "But it turns out I like to live with a lot of people. And price is important to me."
Some developers are now trying to create their own versions of these types of housing set-ups — albeit up-to-code (which Abramovich's apartment is not) — with sleeker amenities and even social directors like on cruise ships.
Recognizing the thriving underground housing market for single young professionals, whether out of college for a year or even a decade, who subdivide apartments — sometimes illegally — companies are eyeing a model based on "micro-suites," where up to three tenants, each with their own small room, share a kitchen and bathroom.
Each tenant will be on the lease — something that is rare in the underground housing market. Having only one or two tenants on a lease can be problematic if there are problems with the apartment but is a boon for those who don't have credit scores needed to rent their own apartments.
And here's an article from Crains about modular construction.