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If yNewImageou thought New York apartments were tiny before, you haven't seen anything yet. New York City's first "micro apartments" development — known as Carmel Place — is set to open in February, according to the New York Times.

Developer Monadnock Development first put forth the project — then known as My Micro NY — in a design contest held in 2013 by the city of New York. Under city law, dwellings must be no less than 400 square feet, but Carmel Place's 55 units — which received special permission from then-mayor Michael Bloomberg — will range from 260 to 360 square feet.

Image: http://www.businessinsider.com