LinkedIn
Instagram
Twitter
Facebook
In case you missed it

Empty Rent-Stabilized Units in NYC Decreased This Year, as ‘Warehousing’ Debate Rages

The number of empty rent-stabilized apartments in New York City dropped by nearly 50 percent over the past year, following a spike in vacancies early in the pandemic, according to new data from the state’s affordable housing agency. About one in every 10 empty units has been marked vacant for at least four consecutive years.

Property owners have registered 38,621 of the city’s roughly 1 million rent-stabilized units as vacant, according to the 2022 records provided by New York State Homes and Community Renewal (HCR). The updated data, based on the status of each registered apartment on April 1, adds new context to ongoing debates over how to unlock empty apartments—including an untold number of units deliberately “warehoused” by landlords—amid a housing crisis. 

Read the story.


 
Read more
Help us make New York a more equitable city.

City Limits’ local, investigative journalism has informed and empowered New Yorkers for 45 years. Your generous donation will enable us to keep looking out for New York’s most vulnerable: homeless and housing-insecure families, immigrants, and local communities with limited social support. 
Join the cause
Want more City Limits news delivered to your inbox?
Subscribe to newsletters
Please support City Limits when you shop at smile.amazon.com

Add City Limits as your charity


 
Copyright © 2022, City Limits, All rights reserved.

Our mailing address is:
8 West 126th St., New York, NY 10027

You can update your preferences or unsubscribe from this list.