The study, published by New York Communities for Change and Real Affordability for All, found that more than 20 percent of the apartments in some of the city’s least affordable neighborhoods are offered for short- and long-term stays through the site.
The East Village topped the list, with a whopping 28 percent of its units available on Airbnb, according to the study. Also in the top 10 were the West Village, Lower East Side and Greenwich Village, with roughly 23, 20 and 18 percent of apartments, respectively.
By analyzing census data as well as listings on the site itself, the survey also found that nearly 60 percent of the offers were categorized as entire homes or apartments, which would make them illegal.
It also claimed that the site has taken over about 10 percent of the city’s available housing stock. Read full article.