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Economy

Real Estate Board of New York Inc.

11/12/2026 | Press release | Distributed by Public on 11/11/2026 23:34

A Closer Look at Buildings with 99 Apartments

New York City has seen a surge in exactly 99-unit apartment buildings since the inception of the 485-x tax program for multifamily construction.

By comparison, just 13 buildings with exactly 99 proposed units were filed with DOB from 2008 through 2023. This sharp increase comes amid more stringent mandates for larger developments under 485-x.

This report looks at this growing trend in more detail.

A Closer Look at Buildings with 99 Apartments

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Real Estate Board of New York Inc. published this content on November 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 12, 2026 at 05:34 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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