Co-op City hardest hit NYC neighborhood

The North Bronx’s Co-op City has ranked as the hardest hit neighborhood in New York City, according to data compiled by research group ESRI. The 10475 zip code — most of which is taken up by Co-op city, a small community of 35 high-rise apartments — saw its jobless rate hit 12.3 percent in July, nearly double its rate at the same time a year ago. Council member Larry Seabrook, who represents the neighborhood, said that many area residents had been employed in construction or finance, two of the hardest hit industries in the financial crisis. “The impact of the financial crisis has an effect on Wall Street, but it has an effect on Co-op City Boulevard as well,” Seabrook said.

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