This studio in Manhattan, NY, is only 340 square feet. Designed by Allen + Killcoyne Architects, it is an epitome of pragmatic approach to space. In spite of its modest size, the place looks airy, all thanks to the clever color scheme and thoughtful space-saving accents. The kitchen is angled around the bathroom unit, and it actually boasts some counter space – a true luxury in shoebox living. And so is storage, which is also plentiful here. Floor-to-ceiling closets and multiple built-ins take full advantage of the ceiling height. See more photos and a floor plan after the break.