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
Tyrant Trump Is Lucky in the Cowardice of His Enemies
Take Action Now Democratic leadership’s refusal to pursue impeachment signals to Trump that he has two-plus unchallenged years to ravage the lives…
The Consequence of Lost Voting Rights Will be Massive Acts of State Violence
Take Action Now The death-cult mentality of US fascism has stumbled upon an ingenious epiphany – the tepid commitment of American voters can be…
Democratic Voters Say They Want Change, But the Party Just Elevated More Hawks
Take Action Now Party leaders are ignoring the three-quarters of registered Democrats who oppose providing military aid to Israel.By Stephen…
The U.S. Bombed a Wedding in Iran. It’s Not the First Time
Take Action Now The Iranian Red Crescent Society has asked the International Criminal Court to investigate the U.S. strike, saying that if the…