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
Workers Are Leaving the Trump Coalition
Take Action Now New survey data show that many of Donald Trump’s 2024 working-class voters are already wavering. But most aren’t turning to Democrats…
The Billionaires’ War
Take Action Now The ultrawealthy put Trump in power but other people will pay the priceBy Paul Krugman, Substack It becomes clearer with each…
The Quiet Way Trump Has Made Life Easier For Polluters
Take Action Now It’s not just about environmental rollbacks: Trump and Lee Zeldin have presided over a striking decline in the EPA enforcing existing…
Coalition Demands Schumer, Jeffries Step Down Over Failure to Fight ‘War-Crazed’ Trump
Take Action Now “Schumer and Jeffries have shown that they cannot be trusted to prevent more wars, more threats of wars, or the transfer of another…