The Real Deal New York

Here’s a look at just how many rent-stabilized pads NYC lost since 2007

Biggest losses seen in UES, LES and East Village

July 16, 2015 02:50PM

Fluctuations in the city's rent-regulated apartments since 2007 (credit: docker4data)

Fluctuations in the city’s rent-regulated apartments since 2007 (credit: docker4data)

New York City lost more than 50,000 rent-stabilized apartments in the last eight years, with most of the deregulation occurring on the Upper East Side, Lower East Side and East Village, according to a new open-source data project.

The data project, which maps numbers provided by the city, details a significant loss of rent-regulated properties throughout the five boroughs.

The biggest losses were in Manhattan, but the project also indicates increasing deregulation of rent-stabilized apartments in Downtown Brooklyn, Park Slope, Crown Heights, Williamsburg, Bushwick, Greenpoint, Astoria and Long Island City, according to Gothamist.

A select few neighborhoods and developments in Manhattan saw an increase in rent-regulated units, with Stuyvesant Town and Peter Cooper Village benefiting from a 2009 court decision that saw more than 3,000 apartments reregulated and new buildings west of Penn Station getting tax breaks in exchange for below-market units.

The New York State Legislature extended rent regulations by four years at the end of its legislative session last month, with the bill featuring several tweaks to existing laws.

John Krauss and a team of “civic hackers” built the map. [Gothamist]Rey Mashayekhi