57,000 rent-stabilized apartments sat empty in NYC, housing agency says

June 6, 2026 | johnmudd

Gothamist, David Brand, June 5, 2026

More than 57,000 rent-stabilized apartments were sitting empty as of April last year, according to a new tally compiled by the state.

The figure was revealed in a letter that the state’s Division of Homes and Community Renewal sent to the city’s Rent Guidelines Board on Wednesday. Gothamist obtained a copy of the letter, which shows the number of vacant apartments rose by about 8,000 last year, with the largest increases in Brooklyn and Queens.

Officials cautioned that the count on April 1, 2025 of 57,421 empty units includes stabilized apartments in new buildings that have not yet been leased, as well as units awaiting a new tenant due to typical apartment turnover. The number also does not capture how many units were “warehoused” by landlords, or held off the market for multiple years. Still, the figure will add fuel to an ongoing debate between landlords and tenant advocates.

“These numbers prove there is a real problem here,” said New York Apartment Association Executive Vice President Jay Martin, whose organization represents landlords. “These units getting back online would have a measurable impact on rents in the neighborhoods where they’re located.”

Landlords say a 2019 measure that prevents them from raising rent on vacant stabilized units disincentivizes owners from fixing up apartments and putting them back on the market because current-allowable rents won’t offset renovation costs. Tenant groups say landlords are exaggerating the number of apartments that they are holding off the market to gain political support for their goal of weakening renter protections.

“When there are a million apartments, there are going to be some vacancies,” said Judith Goldiner, the lead attorney in the Legal Aid Society’s civil reform unit.

The new tally constitutes about 6% of the city’s roughly 1 million rent-stabilized apartments. It is a point-in-time count that “does not indicate the cause of vacancy, condition of units or whether the units are transitioning between tenancies,” HCR Deputy Commissioner Anthony Tatano wrote to the Rent Guidelines Board.

“Such units may also include newly constructed buildings that have not yet been fully leased,” Tatano said.

Tenant groups, landlord lobbyists and policymakers have been locked in a yearslong battle over the state of the city’s rent-stabilized apartments and laws that limit rent increases on empty units. Mayor Zohran Mamdani’s campaign pledge to freeze the rent on stabilized units has inflamed the fight.

Landlords and their representatives have filed multiple lawsuits since the new tenant protection law took effect in 2019 to try to force a showdown before the U.S. Supreme Court and overturn the regulations

Martin said allowing landlords to raise rents on empty apartments would free up units during the city’s housing shortage. But the state data lacks nuance, making it difficult to draw specific conclusions.

It does not capture the total number of units that landlords are holding off the market because they don’t find renovations cost effective. It also includes an unknown number of units in newly constructed buildings awaiting a tenant – like thousands of apartments reserved for homeless New Yorkers – and, as Gothamist has reported, hundreds of affordable, rent-stabilized apartments that sit empty due to delays in the city’s housing lottery system.

Read More: Gothamist

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