Report: Investors Bought Two-Thirds of NYC's Affordable Homes in 2017

Investors dominate the affordable homeownership market in New York City.

1 minute read

October 27, 2018, 7:00 AM PDT

By James Brasuell @CasualBrasuell


Brownstone brownhome

rutlo / Flickr

"Nearly two-thirds of affordable homes were purchased by investors in 2017, according to a report released this week," reports Joe Anuta.

The report, by the Center for New York City neighborhoods, "found that 62% of affordable homes—which it defines as a property a household making the median income could purchase with a mortgage—were purchased mostly with cash in 2017 by limited-liability companies, frequent buyers of homes, or entities that flipped the property within a year."

Thursday, October 25, 2018 in Crain's New York Business

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Aerial view of town of Wailuku in Maui, Hawaii with mountains in background against cloudy sunset sky.

Maui's Vacation Rental Debate Turns Ugly

Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

July 1, 2025 - Honolulu Civil Beat

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

July 2, 2025 - Diana Ionescu

White and purple sign for Slow Street in San Francisco, California with people crossing crosswalk.

San Francisco Suspends Traffic Calming Amidst Record Deaths

Citing “a challenging fiscal landscape,” the city will cease the program on the heels of 42 traffic deaths, including 24 pedestrians.

July 1, 2025 - KQED

New York City subway train on elevated track in yellow light.

Aging NYC Subway Cars No Match for Extreme Heat

The MTA receives thousands of complaints about broken air conditioning on subway cars each summer.

3 hours ago - Gothamist

Google street view of wide street in Cleveland, Ohio with blue 55th Street sign and red brick three-story building visible in right corner.

Cleveland to Boost Bike Safety With New Bike Lanes, School Programs

The program, using curriculum created by Cleveland Bikes, is part of a broader effort to improve safety along school routes.

4 hours ago - Signal Cleveland

Aerial view of heavily damaged mobile homes after a hurricane in Florida.

Florida Home Insurers Disproportionately Dropping Low-Income Households

Non-renewal rates are highest in inland counties, not the coastal areas most immediately vulnerable to storms.

5 hours ago - Inside Climate News

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.

Associate/Senior Planner

Gallatin County Department of Planning & Community Development

Senior Planner

Heyer Gruel & Associates PA