Which New York Neighborhoods Stand to Be Fined the Most by the New Airbnb Law?

On October 21st, New York State signed into law a bill that will fine New York City homeowners and renters who advertise their full apartment for less than 30 days on couch surfing websites like Airbnb.com. Fines could range from $1,000 to as high as $7,500. As of October 1st, 2016, about 57% of all listings in New York City are full apartment listings as opposed to those renting out a spare room. The following lists the NYC neighborhoods that stand to lose the most from this new law.

New York City Neighborhoods That Could Be Fined the Most

  • East Williamsburg (11211)

    314 Full Apartment Rentals

    $2,355,000 in potential fines

  • Gramercy/Greenwich Village/East Village (10003)

    214 Full Apartment Rentals

    $1,605,000 in potential fines

  • Lower East Side (10002)

    205 Full Apartment Rentals

    $1,537,500 in potential fines

  • Chelsea (10011)

    205 Full Apartment Rentals

    $1,537,500 in potential fines

  • East Village (10009)

    204 Full Apartment Rentals

    $1,530,000 in potential fines

  • West Village (10014)

    202 Full Apartment Rentals

    $1,515,000 in potential fines

  • Greenwich Village/ Soho (10012)

    186 Full Apartment Rentals

    $1,395,000 in potential fines

  • Prospect Heights (11238)

    185 Full Apartment Rentals

    $1,387,500 in potential fines

  • Hell's Kitchen/ Central Park South (10019)

    172 Full Apartment Rentals

    $1,290,000 in potential fines

  • Bedford- Stuyvesant (11216)

    155 Full Apartment Rentals

    $1,162,500 in potential fines

 

A Map of the Most Affected Neighborhoods

The map below shows the neighborhoods with the most full apartment rentals that will be affected by the new law. Neighborhoods in yellow stand the most to lose. Neighborhoods in Manhattan's nightlife hotspots are going to be most affected. The three villages (East, West and Greenwich) have about 620 full apartment listings amongst themselves, with potential fines reaching $4.65 million from those parts of the city.

Map showing which NYC neighborhoods will be most affected by the new Airbnb law

Methodology

Using data provided by Insideairbnb.com we looked into their database on NYC listings and figured out how many full apartment listings were in each zip code in New York. The map was generated using ggplot2 in Rstudio, based on a shapefile provided by NYC Open Data

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