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A studio apartment, or studio condo [1] also known as a studio flat (), self-contained apartment (), efficiency apartment, bed-sitter (), or bachelor apartment, is a small dwelling in which the normal functions of a number of rooms – often the living room, bedroom, and kitchen – are combined into a single room.
During the renovation it was converted to 148 typical but affordable rental studio apartments by NHP Foundation. [5] The Mark Twain Hotel is a significant location in Naomi Hirahara's 2021 mystery novel Clark and Division. [6]
An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
A small studio apartment typically sells for more than US$500,000. [6] The Urban Institute estimates that only 40% of all NYC residents, and only 28% of families with children, are able to support themselves financially, due in large part to the high cost of housing. [6] In 2024, half of home buyers in Manhattan paid cash for their homes. [6]
Redeveloped in 2000, Rebecca Johnson Apartments also offer permanent housing were the tenants pay 30 percent of their salary as rent for one of the 90 studio apartments offered with services such that include work out facilities, staff offices, case management, support groups, art therapy and The Learning Center. [1] [13]