Just How Old Are Most New Yorker's Buildings?

Written By Ryan Daley | January 16, 2013
2019%2f09%2f13%2f12%2f44%2f35%2f355cac43 5786 42f3 86ce 6aafff19f6b6%2ffile

Anyone can tell you New York City's housing stock is a mix of new and old, but while headlines of new apartment buildings on the rise grab the attention of the public, the chart above shows nearly 60% of occupied units in the city were built before 1947. Even more striking is the dearth of units coming onto the market since 1974. 

Despite the strong demand for housing, only 11% of the city's occupied housing units were built since 1980 while 72.32% was built before 1959. While modern construction in may be in vogue for neighborhoods like Tribeca and Midtown West, it's the stately, classic buildings dating back to the days of The Century and London Terrage Gard that continue to house most New Yorker's in the city today.

The suprise here is not that modern New York owes a lot to it's past, but as the graph illustrates, the suprise is just how much. 


Source: NYC Housing and Vacancy Survey, 2011

Blog Archive


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2021 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Elegran LLC. IDX information is provided exclusively for consumers’ personal, non- commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Elegran LLC may or may not be the exclusive listing agent of the properties being displayed on Elegran.com. All data displayed on Elegran.com is presented for informational purposes only and should be independently confirmed by all customers. All Information is compiled from both public and private sources including, but not limited to the RLS, MLS and ACRIS; each of which is assumed to be reliable. All information displayed is subject to errors and omissions regarding apartment specifications and final sale prices, and further, any unit listed may have had its listing withdrawn without notice subsequent to such information being compiled. No representation is made as to the accuracy of any description (ie: listing, close sale data, and/or building description) of any building or individual unit. All measurements and square footage are approximate and all information herein should be confirmed by customer and/or their attorney. Elegran LLC, its members, affiliates, and contributors adhere to New Your City, New York State, and United States Fair Housing Laws.