Man’s Small NYC Pad Valued At $1M After Inspired Renovation

For the last few years, house prices have been going up greatly. This problem will have to be tackled eventually. The apartment in this story is the perfect example of this problem.

The apartment is 420 square feet and it has been sold for one million dollars! It is located in Manhattan, which is one of the most expensive areas in the US! This might sound like too much, but this isn’t your regular apartment.

It Doesn’t Lack Anything

This micro-apartment has been designed to accommodate a 12-person dinner party, two overnight guests, a home theater, and more, switching from one mode to another in a matter of minutes.

Now you may be wondering how all that can fit in 420 square feet. It sounds like something out of the cartoons or the Marx Brothers’ movies. But it’s real.

Graham Hill

The man behind this apartment is the TreeHugger and LifeEdited founder Graham Hill. He bought it a few years ago for just $280,000; that is, less than a third of the price he’s selling it for now.

This is a rather surprising difference. If he manages to sell the apartment, he’ll make a fortune, no doubt about it. However, there is still one question.

Would You Pay One Million?

Some might think this is a brilliant business move, while for others, it can be a symptom of speculation unreasonably inflating housing costs across the nation.

Still, there is no question that what he did with the apartment is quite worthy of praise on its own. Whether it warrants paying one million for it is a different story; we’ll let you be the judge of that.

“By Geniuses For Geniuses”

One thing that must be taken into account is that Hill invested $365,000 in the renovation of the apartment. The apartment was the result of a competition that Hill set up after buying it.

The winning design, courtesy of Romanian architecture students Catalin Sandu and Adrian Iancu, was selected from over 300 entrants. Hill presents the apartment with these words: “It was designed by geniuses for geniuses. And now it can be yours.” So let’s check it out.