The number of short-term rentals plummeted in a section of Brooklyn that once had the highest concentration of Airbnb listings in the city.
A year after New York City began cracking down on illegal short-term apartment rentals, the number of Airbnb listings in the five boroughs plummeted by 85%, according to a Gothamist review of listings posted on the vacation rental giant’s website.
“He said, ‘Are you willing to take a chance?'” Scott recalled of the broker. “I'm a gambler, so I said, ‘of course.’ And it's paid off.”“I'm on fixed income now. I can't get overtime to stretch the check because I have an additional bill,” Scott said. “That income is quite valuable.” Christian Klossner, the executive director of the Office of Special Enforcement, said the new rules brought order to the listings market while addressing the quality of life concerns that come with temporary occupants.
Gothamist went back to that same section of Bed-Stuy to find out how the 87 Airbnbs are being used a year later. Nathan Rotman, Airbnb’s Northeast U.S. regional lead, said New York City’s stringent rules prevent visitors from renting an apartment near a hospital or owners from making extra money by hosting a guest when they go away.
Property owners renting out their apartments to permanent tenants in Bed-Stuy can still earn decent income in the neighborhood, said Michael Keith Davis, a real estate agent who owns a home in Bed-Stuy.
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