Manhattan has the greatest share of empty homes among New York City’s boroughs.
Nearly 1,400 out of Manhattan’s 122,000 homes — 1.2 percent — are vacant in the Big Apple’s third most populous county, a figure relatively unchanged from the same time last year, according to a third-quarter analysis of Attom data by The Real Deal.
That’s in line with the national vacancy rate of roughly 1.3 percent, which covers some 1.4 million homes and also has remained fairly constant for more than three years, according to Attom.
The real estate data provider looked at public records on foreclosure status, equity and owner-occupancy status and vacancy data for metro areas with at least 100,000 residential properties, counties with at least 50,000 residential properties and zip codes with at least 1,000 residential properties. Attom defined homes as residential properties with one to four housing units.
Bronx had the second-highest vacancy rate among the boroughs. About 840 out of nearly 76,500 are empty, or 1.1 percent.
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The Manhattan zip code with the largest share of empty residential properties is 10012, which covers Soho and the East Village. The vacancy rate there was about 4.3 percent, almost three and a half times greater than Manhattan’s and the country’s rates and nearly flat from the quarter before.
The zip code with the second-highest percentage of vacant homes, of just under 4 percent, covers Fordham, Little Italy and Jerome Park in the Bronx.
Overall, the vacancy rate for New York City is about 0.7 percent, nearly flat from the second quarter.
It’s also the same as Brooklyn’s vacancy rate. Brooklyn, the city’s most populous borough, has the greatest share of the city’s nearly 5,900 vacant homes, at just over 29 percent.
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Meanwhile, the zip codes with the lowest vacancy rates are in Staten Island and Jackson Heights, Queens. Staten Island’s Great Kills area, so far for the quarter, had a vacancy rate of 0.02 percent, and Jackson Heights’ rate was 0.08 percent. Just two homes in each of those neighborhoods are vacant.
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This article has been updated to clarify Attom’s definition of homes as it pertains to the data set.