Nearly half of NYC listings are within a block of construction

For New Yorkers, there’s plenty of observational evidence that construction is happening all around—on the site of that old bodega, or where that cute little holdout house once stood, for instance—but a new analysis puts a number to that suspicion: About 40 percent of all listings for sale or rent in Brooklyn, Manhattan, Queens, and the Bronx are within 525 feet, or about one block, of a construction site. That number soars to 70 percent when the listings are for homes built after 2016.

The findings come from city data and listings website Localize.city, which analyzed over 31,000 listings of properties for sale or rent in June alongside permit records on file with the city for ground-up construction. (To clarify, the analysis doesn’t include properties that are merely being converted or renovated.)

Using a radius of 525 feet, or about one city block, Localize found the ten neighborhoods with the highest share of listings near new construction. No surprise to area residents, seven of those enclaves are in northern Brooklyn and two in western Queens, where an early- to mid-2000s rezoning led to taller and denser development overtaking formerly industrial pockets. Hudson Yards, where 98 percent of properties for sale or rent are within 525 feet of construction, also makes the list.

Here’s a breakdown of the top ten neighborhoods, as collated in the New York Times:

• East Williamsburg, Brooklyn: 34 percent of listings within 160 feet of construction, 76 percent within 525 feet
• Bed-Stuy, Brooklyn: 27 percent of listings within 160 feet of construction, 79 percent within 525 feet
• Hudson Yards, Manhattan: 26 percent of listings within 160 feet of construction, 98 percent within 525 feet
• Greenpoint, Brooklyn: 23 percent of listings within 160 feet of construction, 78 percent within 525 feet
• Prospect-Lefferts Gardens, Brooklyn: 21 percent of listings within 160 feet of construction, 61 percent within 525 feet
• Bushwick, Brooklyn: 20 percent of listings within 160 feet of construction, 85 percent within 525 feet
• Long Island City, Queens: 19 percent of listings within 160 feet of construction, 70 percent within 525 feet
• Astoria, Queens: 17 percent of listings within 160 feet of construction, 62 percent within 525 feet
• East Flatbush, Brooklyn: 17 percent of listings within 160 feet of construction, 51 percent within 525 feet
• Williamsburg, Brooklyn: 16 percent of listings within 160 feet of construction, 80 percent within 525 feet

Absent from the list are Staten Island, where there was not enough sufficient data to be included in the round-up, and The Bronx, where many apartments are not put on listing portals.