Feature

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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Landmark ‘City of Yes’ Housing Creation Plan Approved with $5 Billion Push

A City Council subcommittee on Thursday approved Mayor Eric Adams’ plan to build 80,000 new homes over the next 15 years, lowering the cost of rent for New Yorkers amid one of the worst housing crises in city history. Dubbed “City of Yes for Housing Opportunity,” the rezoning proposal aims to spur the creation of affordable housing in all five boroughs, along with upgrades to critical infrastructure. The approval by the City Council Subcommittee on Zoning and Franchises and Committee on Land Use was secured following a $5 billion pledge from the city and state.

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New York YIMBY’s Q3 2024 Construction Report Shows Nearly 19,000 Filed Residential and Hotel Units

As temperatures begin to drop, New York City’s construction market shows no signs of cooling down. New York YIMBY’s construction report for the third quarter of 2024, based on permit filings submitted to the Department of Buildings during the three-month period from July through September, shows strong filing activity that indicates momentum is continuing from the preceding quarterly tallies. In the third quarter, New York’s developers filed permits for a total of 1,071 new buildings, measuring a combined 26.8 million square feet with 18,935 residential and hotel units. Below, we break the data down in a series of detailed analyses. A complete data sheet, with detailed information on each proposed development, is available with a subscription to YIMBY’s Building Wire.

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Photograph of Eric Adams, via nyc.gov

Mayor Adams Announces GreenHOUSE Fund to Reduce Housing Emissions In New York City

New York City Mayor Eric Adams recently announced the creation of the GreenHOUSE Fund, which will aim to assist rent-regulated apartment buildings and low-income co-ops in their efforts to decarbonize. If approved, the fund will work to improve air quality in disadvantaged communities with high asthma rates while simultaneously moving the city and state closer to achieving emissions reduction and equity goals.

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Rendering of 4519 White Plains Road. Designed by OCV Architects

New Affordable Housing Development Opens At 4519 White Plains Road In Wakefield, The Bronx

Occupancy has begun for The Plains, a nine-story affordable and supportive housing project at 4519 White Plains Road in Wakefield, The Bronx. Designed by OCV Architects and developed in collaboration between The Doe Fund and Robert Sanborn Development, the 82,465-square-foot structure yields 98 apartments, with 20 units reserved for adults age 62 and older. The $51.6 million project is located between East 239th and 240th Streets.

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