Category: New York City

New York City’s Small Multifamily Market

New York City’s Small Multifamily Market Balanced Across Boroughs
  • Units in small and large multifamily properties made up 75% of New York City’s rental market.
  • Large apartment building units are concentrated in Manhattan, while the city’s boroughs had a more even distribution of small multifamily.
  • Townhomes were most concentrated in Brooklyn, while single-family rentals (SFRs) had meaningful market share in Queens

According to the latest U.S. Census Bureau data, Manhattan included 27% of all occupied rental units in the city. However, Brooklyn held the crown, accounting for 31%. Queens and the Bronx had similar shares at around 20% each, while Staten Island comprised less than 3%.