A recent report claims that nearly 40,000 new market-rate apartments are coming to New York City in the next three years, but it’s unclear if the spike in supply will overwhelm or barely faze the market. In the next three years, more than 38,000 new apartments will be built in the city, the majority of which will be in Brooklyn and Queens, the Wall Street Journal reported. This year alone 14,686 new units will be … [more]