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
House Bill Would Let Marco Rubio Strip Passports Over Political Speech
Take Action Now Provision would let the Secretary of State deny or revoke passports over alleged “material support” as critics warn of thought…
Targeting Venezuela, Trump Escalates U.S. Campaign Of Aggression In Latin America
Take Action Now The US and Latin American right have long mobilized to remove challenges to their traditional privileges and control.By Jonathan…
GOP-Led Congressional Committee Votes To Block Trump From Rescheduling Marijuana
Take Action Now Can the Trump administration, or any administration, declare people guilty and treat them as criminals, absent the transparent legal…
Never Forget What?
Take Action Now Never forget meant never forgive. Never forget meant someone would pay. And with my Muslim name, my South Asian heritage, I knew who…