How many NYC apartments are vacant? No one actually knows. ...Middle East

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A city housing official said there were just 2,477 rent stabilized units that have been off the market for at least a year with rents less than $1,000, far lower than previous estimates. Estimates based on city and state data have ranged from nearly 90,000 to fewer than 40,000, but at a Council hearing on Tuesday, the city’s affordable housing agency submitted a new metric. [ more › ]

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