Posted by Jonathan J. Miller -Wednesday, October 27, 2010, 1:15 PM
At least once a week I am asked about the breakout of the housing stock in Manhattan. My latest research/estimate has been 75% rental/25% owned for the borough and of the 25% owned, co-ops out number condos 3:1 or 75% to 25%. If you throw in townhouses, thats about 1% out of the 75%/25% co-op/condo relationship.
Ok, so apparently I wasn’t making this up. Here’s the New York Fed’s housing profile based on Census and the Housing and Vacancy survey. Phew! A great reference point for not only Manhattan, but all 5 NYC boroughs.