Sometimes, having New York savvy means knowing the worth of a shoebox.

In a recent interview with CNBC Make It, 23-year-old Alex Verhaeg gave a tour of his 95-square-foot New York apartment, for which he pays $1,100 a month.

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The apartment, which has no in-unit toilet or shower and has a cooktop in place of a full kitchen, is located in Manhattan’s East Village neighborhood and has the benefit of access, according to Verhaeg.

Read more: TODAY