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This 29-year-old lives with her mom and daughter in a $1,400 a month rent-stabilized 1-bedroom apartment in Manhattan

The rent-stabilized unit has been in her family since her dad moved into it in the 1970s.

6/4/2021 4:06:00 PM

This 29-year-old lives with her mom and daughter in a $1,400 a month rent-stabilized 1-bedroom apartment in Manhattan (via CNBCMakeIt)

The rent-stabilized unit has been in her family since her dad moved into it in the 1970s.

The 29-year-old single mom, who shared her journey onCNBC Make It's Millennial Moneyseries earlier this year, has been lucky. One big advantage is that she and her 9-year-old daughter have been able to live with Sadler's mother in the one-bedroom apartment on Manhattan's Upper West Side where Sadler grew up.

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The rent-stabilized unit, which Sadler has lived in since she was a baby, has been in her family since her dad moved into it in the 1970s. Because rent stabilization laws only allow landlords to raise rents by a small, set amount each year, Sadler's apartment is much cheaper than comparable homes in the area.

The apartment features a cozy dining nook, as well as a living room and separate kitchen. The walls are decorated all the way up to the high ceilings with Sadler's dad's artwork. The prime location also puts Sadler close to both the American Museum of Natural History and Manhattan's spacious Riverside Park. headtopics.com

Emma Sadler with her mother and daughter. All three generations live together in the one-bedroom apartment where Sadler grew up.CNBC Make Itaverage rent for a one-bedroom apartmentin New York City is around $2,500.)As a part of the arrangement she has made with her mother, Sadler also picks up the food bill for the entire family, spending between $450 and $500 each month on groceries and $150 to $200 on takeout. Heat and hot water are included with the rent, while Sadler's mother pays the internet and electricity bills.

Sadler also pays about $27 per month for the household's Hulu, Spotify and Disney Plus memberships, and spends $40 every month on her cell phone bill.Having three generations living in a one-bedroom apartment can sometimes get cramped, but being able to live with her mom during the pandemic has been a life-saver, money-wise, Sadler says. "If I had to pay [more in rent] I would be paycheck to paycheck," she explains.

Emma Sadler works from the kitchen table of her Upper West Side apartment.CNBC Make ItThe arrangement also benefits the family in other ways. Sadler's mother is able to spend more time with her daughter and granddaughter, and Sadler is able to avoid some babysitting costs if she needs to leave the house.

Sadler plans to continue living with her mother for at least another two years while building up her investments and putting money into her high-interest savings account. Her goal is to move out eventually, but hasn't decided yet if she wants to rent or buy. headtopics.com

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Sadler's prime location has also helped her stay active with her daughter without breaking the bank. "The great thing about living in New York City is that there are a lot of free things that you can do with your kids, including going to the park and just taking walks from place to place," she says.

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MakeIt Impressive propaganda, spinning a story of three generations in a living arrangement completely underserving their actual needs, because of astronomical real estate costs relative to average individual income, as a positive thing. North Korea should be ashamed of themselves. MakeIt good MakeIt How can get more people out of the city?

MakeIt Burmese Nationalities in Utrecht, Netherlands, gathered to celebrate 76th birthday of our leader Daw Aung San Suu Kyi and demanding to release all political detainees. June20Coup WhatsHappeningInMyanmar MakeIt I'm sorry MakeIt Living the American Dream 😊🤨🙄🤕😓 MakeIt Have we gone back in time ? Reminds me of the early days of industrialisation - 3. Generations of family in 1 bedroom

MakeIt 'Rent stabilized.' What crap. MakeIt Not too tough. MakeIt Why is this an article. This is not news. Write about something better. Nobody cares about this at all. What is the point of this article. 'Next week on CNBC a son who lives in his parents basement making $1200/month driving for uber pays the electric bill'. GTFOH

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29 Book-To-Movie Adaptations That People Would Love A Redo OfJustice for the Divergent series! This post is invalidated by its omission of The Goldfinch ¯\\_(ツ)_/¯ Yes The girl talking shit about the shining is a moron, while the film may have strayed from the book it was was better then the mess that was Stephen kings version he had made.

MakeIt I do not know how they can afford food for that amount unless they are eating cheap food. I haven't had a $500 monthly grocery bill in years. MakeIt Welcome to America! MakeIt Who cares MakeIt The only name of the creator of existence, was, is, and will be, ILIS INIS GSEIS, in all the infinite past space and in all the infinite future space

MakeIt It is called family reunification :). Paying that money in rent, they could have easily bought their own home. MakeIt Mabe don't live in Manhattan if you can't afford it

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