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
The Trump-Mamdani Show Was Amazing. But Downsides For Progressives Could Turn Out To Be Steep
Take Action Now It’s all well and good to laud Mamdani’s extraordinary political talents and inspiring leadership for social justice. At the same…
ICE Sent 600 Immigrant Kids To Detention In Federal Shelters This Year. It’s A New Record.
Take Action Now This year ICE has sent more immigrant children into the federal shelter system than in the previous four years combined. New data…
The Return Of Nuclear Proliferation
Take Action Now A recent article in the establishment security journal Foreign Affairs makes the case for nuclear proliferation among America’s…
Are Zohran Mamdani and Katie Wilson Democratic Socialists or FDR Democrats? They Are Both
Take Action Now This is fitting: For more than a century, socialism has been integral to American progressivism, championing early many of the…