If you've ever had the honor of searching for an apartment in New York City while making less money than you need to afford an apartment in New York City, you know the only criteria you're really allowed to have is "a place with four walls and a roof."
I look forward to the day when I can say the sentence, "It's nice, but I'd really like more exposed brick" with a straight face, but I know that's probably not going to happen for a few years (or ever, if I continue to progress at my current rate).
If you're familiar with the NYC housing market, you'd probably get pretty excited if I told you that you could have your very own place in an elevator building on the Upper West Side for $1,000 a month.
If you just took your pants off, I suggest you put them back on.
I'm sure there are a few people out there who would have no problem shacking up in this pseudo studio, and I feel incredibly bad for all of them.