Just 10% of NYC multifamily buildings claim 80% of evictions: REBNY

"Just 10 percent of multifamily buildings in the city are responsible for 80 percent of the executed evictions in the last two years, according to the analysis. A similar fraction is responsible for roughly half of the housing code violations in that time period."

"Only 1 percent of market-rate buildings have had an immediately hazardous violation in the last two years, compared to between 17 and 35 percent of rent-stabilized buildings, depending on the level of rent stabilization."

"What we observed in the data was a concentration in a smaller subset of the building universe really driving the lion's share of problems and what is defined as bad behavior, said Basha Gerhards, executive vice president of public policy at REBNY."

Mayor Zohran Mamdani's Rental Ripoff hearings provide tenants a platform to address landlord grievances with city officials. Analysis from the Real Estate Board of New York reveals that housing problems are highly concentrated: 10 percent of multifamily buildings account for 80 percent of executed evictions over two years and approximately half of housing code violations. Rent-stabilized buildings are significantly overrepresented among properties with hazardous violations, with 17-35 percent experiencing immediately hazardous violations compared to only 1 percent of market-rate buildings. Evictions, violations, and complaints cluster geographically in lower-income Brooklyn neighborhoods including Flatbush, Prospect Park South, East New York, Brownsville, and Ocean Hill. This concentration suggests targeted enforcement and resource allocation could address tenant concerns more effectively than broad legislation.

Read at therealdeal.com