City Lost 6,000 Rent-Stabilized Apartments in '06

New York City lost an estimated 6,022 rent-stabilized apartments in 2006, according to a new report from the city’s Rent Guidelines Board. Still, this represented 18 percent fewer rent-stabilized apartments than were lost in 2005.

The city now has roughly 1,043,000 rent-stabilized apartments, and 43,000 rent-controlled ones. Also, another 308,000 apartments fall under some other sort of regulation, and about 697,000 apartments are market-rate.

The net estimated loss of 6,022 rent-stabilized apartments came during a year of near-record home-planning in New York. The city issued 30,927 permits in 2006 for new housing units, the second most annually since 1972 (2005 being the top year since then).

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