New York City 99-Unit Apartment Towers
Planned · New York · Last reported Sep 2025
Source: Bloomberg
New York City is experiencing a surge in residential buildings with exactly 99 units due to a new tax program. The program incentivizes developers to build just under 100 units to avoid higher worker wage requirements for larger buildings. This has led to a significant increase in filings for 99-unit buildings, impacting housing development in the city.
- Status
- Prospective
- Sector
- Residential
- Location
- New York City, New York, United States of America
- Updated
- 22 Jul 2026
- Source
- Bloomberg
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | New York City is experiencing a surge in residential buildings with exactly 99 units due to a new tax program. The program incentivizes developers to build just under 100 units to avoid higher worker wage requirements for larger buildings. This has led to a significant increase in filings for 99-unit buildings, impacting housing development in the city. |
Original sector | Built Sector |
Location
Country | United States of America (USA) |
State | New York |
City | New York City |
Source
Source | Bloomberg |
URL |
More Details
Record type | Project |
Sector | Residential |
Article published date | 2025-11-15 |
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