Housing stock in these trendy key NYC neighborhoods is increasingly declining

[Kamaji]

Housing stock in these trendy key NYC neighborhoods is increasingly declining: study

By Nolan Hicks   
August 20, 2023

There go the neighborhoods.

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 of homes and apartments as the Big Apple’s housing shortage hits levels of ferocity previously unseen, according to a new analysis from the Department of City Planning.

The number of homes and apartments in nearly a dozen Big Apple neighborhoods declined last year, says the report, set to be released Monday and exclusively obtained by The Post.

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.

“For too long, housing production has been too heavily concentrated in just a few of New York’s neighborhoods,” said city Planning Commissioner Dan Garodnick in a statement that will announce the report’s findings.

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Source:  https://nypost.com/2023/08/20/housing-stock-in-these-nyc-neighborhoods-is-declining-study/