Before 485x, projects with exactly 99 units were rare — only 13 were filed in 15 years. Last quarter alone, developers filed 21. Meanwhile, just 12 of 207 multifamily projects filed were for 100 or more units. These statistics, flagged by a Real Estate Board of New York report Wednesday, might seem like nothing to worry about, given that the unit count in new filings surged to 11,746. The problem is that all of these 99-unit sites are zoned for more than 99. In a housing shortage, the last thing the city wants is to leave units on the table […]

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