A Closer Look at Buildings with 99 Apartments

New York City has seen a surge in exactly 99-unit apartment buildings since the inception of the 485-x tax program for multifamily construction.

By comparison, just 13 buildings with exactly 99 proposed units were filed with DOB from 2008 through 2023. This sharp increase comes amid more stringent mandates for larger developments under 485-x.

This report looks at this growing trend in more detail.