can you list the number of appartments build year of the last 10 years
NYC completed between roughly 20,000 and 38,682 apartments annually over the last decade, with 2025's 38,682 units the highest since 1965 and a clear upward surge since 2022.
Why it matters: The trend shows a decade of moderate output followed by a sharp climb, driven first by a 421-a permit rush in 2015, then a lull, then record highs after new tax breaks and rezoning in 2024.
- 2016–2017: exceeded 20,000 units both years — a delayed wave from a 2015 rush to lock in 421-a tax benefits before changes took effect
- 2018: ~28,600 units completed (2019 was reported as a 14.2% drop from 2018)
- 2019: 24,566 units, with more than half in six sub-borough areas of Manhattan, Queens, and Brooklyn
- 2022: ~26,000 units; 2023: ~28,600 (9.8% increase year-over-year)
- 2024: ~33,859–34,049 units — largest single-year total since at least 2010 at that point
- 2025: 38,682 units — the 60-year high, driven by the new 485-x tax break and City of Yes zoning rewrite
- Note: verified figures for 2020 and 2021 were not available in sources reviewed — those years likely dipped due to COVID construction slowdowns
- The OSC report cites 34,049 completions in 2024 while the arcfe.com source cites 33,859 — a minor discrepancy likely reflecting different counting methodologies (certificate of occupancy dates vs. DCP database cut-offs).
