Greenwich Village and other historic neighborhoods are losing their rent-regulated apartments at a faster rate than non-landmarked parts of the city, a new analysis has found.
The Real Estate Board of New York found that landmarked properties saw 22.5 percent of their rent stabilized units deregulated between 2007 and 2014, compared with 5.1 percent of affordable units in nonlandmarked buildings.
Loss of protection was most acute in Greenwich Village, where 1,432 units were deregulated over the seven-year span. The Upper West Side/Central Park West lost 2,730 units.
“This reports refutes the notion that historic districts are a good means of preserving existing affordable housing,” REBNY President John Banks said of the new data.
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