info 10.21.15

By the Numbers:
Housing Edition
Every Person in New York

Today's housing stats come from the NYC Rent Guidelines Board's 2015 Housing Supply Report.

The citywide vacancy rate was 3.45% in 2014.

Number of units citywide in accepted condo and coop plans:
1987: 45,098
2014: 9,573

More than 61% of NYC's rental housing stock units are in buildings constructed prior to 1947.

A total of 1,513 buildings were demolished in 2014, a 17.7% increase over the prior year, following an increase of 14.6% in 2013. Queens accounted for 36.7% of all the buildings demolished in 2014

New York City in 2014 had a total of 3,400,093 housing units. Of the 2,184,297 occupied and vacant rental units, 38.9% were unregulated, or 'free market'. The remaining units were rent regulated, including pre-war (pre-47) rent stabilized (35.1%), post-war (post-46) rent stabilized (12.1%), rent control (1.2%), or various other types of regulation programs (12.8%).

Permits for 20,483 new dwelling units were issued in New York City in 2014, a 13.8% increase over the prior year and the fifth consecutive year of increase.

12.2% of all rental housing in New York City in 2014 was overcrowded (defined as more than one person per room, on average) and 4.7% was severely overcrowded (defined as an average of more than 1.5 persons per room).

Housing New York: A Five-Borough, Ten-Year Plan is Mayor Bill de Blasio's $41 billion plan to build and/or preserve 200,000 units of affordable housing. The majority, 58%, will be for low-income residents (defined as $42,000- $67,000 for a family of four), with 22% geared for residents making more than this amount, and 20% for residents making less than this amount.

The Attorney General's office published a report last year that of the 35,000 Airbnb rentals listed, up to 72% were illegal.

Jason Polan started Every Person in New York in March of 2008. He plans on working on the project until it is finished. Look for Every Person in New York on Tuesdays in MUG and daily at Jason's site.

Cortlandt Alley

recent entries

MUG Exits


The Department of Records

See all articles in INFO

Get a daily dose of MUG
right in your Inbox.