Building is booming in the borough.
The city’s Department of Buildings (DOB) authorized construction of 18,095 residential units in 1,383 buildings in 2013, a 71 percent increase from the previous year, according to a New York Building Congress (NYBC) analysis.
Queens experienced the largest percentage jump.
The area went from 1,529 units in 2012 to 3,161 in 2013—an increase of 107 percent.
According to the analysis, the gain was largely impacted by the start of construction of the Hunters Point South affordable housing project in Long Island City.
The report also found that in Queens 72 percent of the permitted buildings were for one- or two-family residences, and the estimated cost of construction per unit reached $102,500.
The NYBC said that last year, for the first time since 2008, the number of housing units authorized by the DOB increased in each of the five boroughs, but residential permits “remain far below the levels attained between 2005 and 2008.”
“With most of the recent talk centered on the recent boom in ultra-luxury Manhattan residential towers, it is certainly encouraging to see that momentum is quietly building in each of the five boroughs,” NYBC President Richard T. Anderson said. “The key to the city’s success rests in part on our ability to produce a wide range of housing options that are tailored to meet the needs of a population as diverse as New York.”
RECOMMENDED STORIES
