Brooklyn issued new apartment permits than other boroughs in May than any month since 2015, The Real Deal reported.
There were 54 new apartment building permits issued in Brooklyn last month, following an analysis of Department of Buildings permitting data. Half of those were in Bedford-Stuyvesant, East Flatbush and Bushwick.
The last time more than 50 new apartment building permits were issued in a single month was back in 2015, when the imminent expiration of the 421-a tax exemption — first slated for July of that year, then moved to January 2016 — saw dramatic spikes in permit issuance.
