Is this a Hallway or an Apartment?

When we looked at this Alphabet City Fringe East Village listing today, we were kind of curious about the dramatic series of price drops that this ground floor, 575 sq ft. studio has seen. Originally listed in January of 2008 for $600,000, this apartment is currently on the market for just $459,000, a 24% decline in asking price.

Although $459k is still too high for a smallish studio between Avenues B and C, we were intrigued by the listing photos, which show beautiful flooring and two types of exposed brick. It was only when we clicked over to the floorplan that we realized that the apartment has the approximate dimensions of a hallway, with a large chunk of the space measuring at just 8'2" wide (huh?). Don't forget to check out the weird bathroom that's off of the kitchen (we're not sure the hallway fridge really counts as a "kitchen" anyway) and how you have to walk through the "sleeping area" to get to the kitchen AND the bathroom. This all combines to make this layout one of the strangest that we've ever seen in this price range.