THIS is how crazy the real estate market is in New York City . . . not only did landlords attempt a stunt like this, but it actually worked and they found renters.
Two guys named Xue Ping Ni and Jing Ya Lin own condos in a building in Manhattan. The condos are less than 650 square feet each. And they both turned those small condos into almost a dozen units . . . by dividing them horizontally AND vertically.
Yes, they made a bunch of “half rooms” on top of one another. Some of the ceilings were only four-and-a-half feet high, and they even had to put bubble wrap around exposed pipes so people wouldn’t hit their head.
And what were they charging people for these cubbies? One guy said he was paying $600-a-month.
Of course, this entire thing was an insane fire hazard and totally illegal . . . and the city’s Buildings Department finally busted them last week. Ni got more than $144,000 in fines . . . they didn’t say how much Lin was fined.
