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Insights: Why are there so many 99-unit buildings?
Why are so many new buildings in New York City topping out at exactly 99 apartments?
In this bonus episode, we’re bringing you quick insights as REBNY Senior Data and Policy Researcher Henry Perez-Tlatenchi explains the surprising reason behind this trend and what it means for the future of development across the city.
To learn more, read Bloomberg’s full article at bloomberg.com/news/articles/2025-09-09/nyc-apartment-construction-wage-requirement-leads-to-99-unit-buildings
Want to learn more about REBNY? Visit www.rebny.com
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By The Real Estate Board of New York
5
1212 ratings
Why are so many new buildings in New York City topping out at exactly 99 apartments?
In this bonus episode, we’re bringing you quick insights as REBNY Senior Data and Policy Researcher Henry Perez-Tlatenchi explains the surprising reason behind this trend and what it means for the future of development across the city.
To learn more, read Bloomberg’s full article at bloomberg.com/news/articles/2025-09-09/nyc-apartment-construction-wage-requirement-leads-to-99-unit-buildings
Want to learn more about REBNY? Visit www.rebny.com
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