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New York YIMBY’s 2025 Report Tallies Permits for Nearly 53,000 New Residential and Hotel Units Filed in Previous Year

As New York City enters the second half of the 2020s, YIMBY commemorates five years of sharing detailed quarterly and annual statistics on new building permits filed with the Department of Buildings. Our 2025 Construction Report reveals that in 2024, the city’s developers filed 2,744 new building permits, which combine for a total of more than 71 million square feet. These structures will supply nearly 53,000 new residential and hotel units upon completion, as well as ample newly constructed space for commercial, institutional, and other uses. Below we take a close look at the aggregated data and delineate emergent trends and patterns in a series of analyses of building height, floor area, location, and more.

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Jersey City Planning Board Approves 56-Story Skyscraper at 72 Montgomery Street in Jersey City, New Jersey

The Jersey City Planning Board rental approved plans for 72 Montgomery Street, an upcoming 56-story residential skyscraper in downtown Jersey City, New Jersey. Designed by Handel Architects and developed by KRE Group, the 648-foot-tall structure will yield 600 rental apartments in studio to three-bedroom layouts, 2,788 square feet of ground-floor retail space, and 181 enclosed parking spaces on the lower levels. The nearly 2-acre site is bound by Christopher Columbus Drive to the north, Montgomery Street to the south, Greene Street to the east, and the Battery View Senior Citizen Housing complex to the immediate west.

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Housing Lottery Launches for Geel Webster Avenue at 3095 Webster Avenue in Norwood, The Bronx

The affordable housing lottery has launched for Geel Webster Avenue, an 11-story mixed-use building at 3095 Webster Avenue in Norwood, The Bronx. Designed by OCV Architects and developed by Geel Community Services, the structure yields 116 residences. Available on NYC Housing Connect are 45 units for residents at 40 to 60 percent of the area median income (AMI), ranging in eligible income from $26,229 to $100,620.

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