Roughly 1 in 10 rent-regulated apartments were vacant in 2021, Census survey data reveals — far more than the 61,000 vacancies landlords reported to the state.
by Sam Rabiyah, The City
Tens of thousands of vacant rent-stabilized apartments landlords reported to New York State in 2021 likely understates the true number that are empty.
That’s the contention of officials at the city’s housing agency, who shared with THE CITY previously unreleased figures that show 88,830 stabilized apartments were vacant in 2021 — far more than the 61,000 tallied by the state.
The city Department of Housing Preservation and Development based its estimate on survey data collected by the U.S. Census Bureau last year. HPD calculated in its 2021 Housing and Vacancy Survey analysis that New York City has 1 million stabilized units in all, mostly in buildings constructed before 1974 or those built more recently with tax subsidies.
That’s roughly 1 in 10 rent-stabilized apartments.
The estimate, shared with THE CITY by HPD’s chief researcher, was not included in the “Selected Initial Findings” report based on the same data, which HPD presented to the City Council in May.
Recent Posts
Coalition of Antiwar Groups Launches National Campaign Calling for Jeffries and Schumer to Step Aside from Leadership
Take Action Now “Schumer and Jeffries have failed their party and country through wobbly leadership when firmness and clarity are needed in opposing…
The Bases Basis for the Iran War
Take Action Now The economic impact of this war — through oil, tourism, and otherwise — is likely to continue to rub Gulf nations’ faces in the…
Israel’s Greatest Weapon Was Fear — And It Is Now Failing
Take Action Now Israel’s war on Iran reveals a deeper crisis: the collapse of a psychological doctrine built on fear and invincibility.By Ramzy…
When Millions Marched for Immigrant Rights
Take Action Now The 2006 mega-marches against legislation to criminalize the undocumented revealed the hidden power of immigrant workers.By Alan…