A 40 Bi-Level Single Studio Apartment in New York offers a unique living arrangement with two floors combining a studio layout. These units are sought after for their space efficiency and multi-level design, often found in mid-range buildings. Current median prices range from $1.8M to $2.5M, depending on location and amenities.

The appeal of bi-level single studio apartments stems from New York’s limited housing supply and rising demand for functional, multi-functional spaces. According to a 2023 report by the New York City Department of Housing Preservation and Development, studio apartments account for 22% of rental units and 18% of sales in the city, reflecting their popularity. Bi-level designs, while less common, provide approximately 20% more square footage than traditional studios, enhancing storage and privacy. Data from Streeteasy shows that bi-level studios in Brooklyn and Queens command 8-12% higher price premiums compared to standard studios, as they cater to families and buyers prioritizing flexibility. Additionally, the median sale price for a studio apartment in Manhattan reached $2.4M in Q2 2023 (CityRealty), with bi-level units averaging $2.7M due to their added value. Limited inventory—only 5% of new developments include bi-level configurations—further drives prices. These factors position 40 Bi-Level Single Studio Apartments as a strategic investment in New York’s competitive market.