Some of New York City’s most iconic residential areas — from the West Village to Hell’s Kitchen and the Upper West Side — are increasingly losing more of their coveted stock…
There go the neighborhoods.
Almost all of the new housing production across the five boroughs instead has been concentrated in just a few small areas over the past decade: mainly Hudson Yards, Long Island City in Queens and Williamsburg, Greenpoint, downtown Brooklyn, DUMBO and Bedford-Stuyvesant in Brooklyn, the study shows. “To build a City of Yes, take on our housing crisis, and grow our economy, every neighborhood must contribute to our city’s housing growth,” Garodnick said in the statement.
The five boroughs needed another 342,000 homes and apartments to meet the level of demand seen in 2019 — up from the 245,000-unit gap between supply and demand that existed in 2012.
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