NYC landlords holding 60K+ rent-stabilized units for ‘ransom’: Memo

A large chunk of New York’s prime affordable housing stock is sitting empty and unavailable, according to a newly obtained state housing agency memo. 

Although the US Census Bureau’s 2021 NYC Housing and Vacancy Survey put the official number of unavailable and unoccupied rent-stabilized units in the boroughs at 42,860, The City acquired a document showing that number to be far higher: 61,000 units.