Brooklyn Has Most Distressed Properties in NYC
- Feb 24, 2012
By Veronica Grecu, Associate Editor
The New York City Department of Housing Preservation and Development (HPD) recently released a list of the 200 most distressed residential buildings that were enrolled in the fifth round of the Alternative Enforcement Program (AEP). The program was launched in 2007 in an effort to persuade owners of blighted properties to rehabilitate them so that residents could benefit from improved living conditions.
Together, the 200 buildings amount to 5,484 non-hazardous, 16,701 hazardous and 4,525 immediately hazardous violations which translate into more than $1.3 million in emergency repairs done by HPD instead of the actual owners.
Out of New York City’s five boroughs, Brooklyn is by far the leader of seriously distressed buildings selected in AEP Round Five, according to this list drafted by HUD:
- Brooklyn: 107 buildings/735 units
- Bronx: 56 buildings/989 units
- Manhattan: 21 buildings/571 units
- Queens: 15 buildings/75 units
- Staten Island: 1 building/3 units
That shouldn’t come as a surprise to city’s most populous borough. According to HPD’s list, Brooklyn was first in buildings and units throughout all four previous rounds of the AEP:
- Brooklyn: 480 buildings/3,137 units
- Bronx: 244 buildings/4,373 units
- Manhattan: 43 buildings/832 units
- Queens: 30 buildings/129 units
- Staten Island: 3 building/23 units
Since 2007, AEP has discharged a total of 410 buildings and recovered $19.3 million in emergency repair costs.
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