The 55-square-foot apartment

When freelance event planner Eddie Rabon talks about his itty-bitty pad — just one square foot larger than a Rikers Island jail cell — the excitement is clear in his voice.

“It’s fantastic,” he said. “It’s a great neighborhood in the greatest city. It’s about $800 a month. You won’t find that price anywhere else in this area. I feel like the money I save not having to get on the train to get around because I’m in the center of everything is worth it.”