While the space is acceptable, technically, to live in - I can't recommend it if you have the choice of a larger place. These sorts of places typically feature high ceilings, which is nice, but that's about all they have going for them.
For me, coming home felt more like arriving at a hotel. With everything so tightly packed, there was a constant need to pack things away and shuffle items around. It's hard to feel at home when you can barely even (and possibly even not at all!) fit your own furniture in your place.
Murphy beds seem like a fun idea, but unless you're entertaining guests you'll end up just leaving it down during the day (if you're like me, that is..) You then come home to what is essentially a bedroom.
I won't dispute this is a better living situation than many people currently have, but given the price tag of these apartments (I paid over $1000/mo here, $2500-3000 in Murray Hill for 300sqft???) I would advise finding somewhere else to live. Somewhere that has a doorway to walk through that separates your living spaces.