Most New Apartments Concentrated in Brooklyn, Queens Neighborhoods
According to a new report from Localize.city, more than half of the new units expected to open by 2020 are concentrated in just 10 neighborhoods. All but one in the Lower East Side are in Queens or Brooklyn. In all, New York is expected to get 31,000 new units by 2020. The wave continues to build upon the flurry of new construction the city has seen since 2016. Since then, nearly 60,000 new rental and condo units have been added to the market, Localize.city found.