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On a recent sun-drenched spring afternoon, Daniel Mishin is strolling through the townhouse in Manhattan's West Village where he lives, works and, if time allows, plays. It reeks of Manhattan real estate envy -- lofty ceilings, wooden staircases, gleaming appliances, capped off with a roof deck and a back porch. Trees line the street, where the Waverly Inn peeks through from the view on the front stoop.

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Most enviable is the price tag: Residents here pay $1,900 a month per private room, roughly 20 to 40 percent below the area average for a shared apartment -- but the price includes cleaning services, security deposit, internet, utilities and even some toiletries (among them a very lovely hand soap). "Adult dorms? We don't play that game," says Mishin, who is as crisp and friendly as his surroundings. "This is a home."