ANNUAL NYU FURMAN CENTER STATE OF NEW YORK CITY’S HOUSING AND NEIGHBORHOODS FINDS INCREASING NUMBER OF MULTI-FAMILY RENTAL PROPERTIES AFFECTED BY THE FINANCIAL DOWNTURN

April 12, 2011 – (RealEstateRama) — A report released today by NYU’s Furman Center for Real Estate and Urban Policy finds that the housing crisis has taken a toll on New York City’s multi-family rental properties. The report, the State of New York City’s Housing and Neighborhoods 2010, also examines commuting patterns within the city, highlights new data on subsidized rental housing, and shows housing and demographic trends in each of the city’s 59 community districts.